Three Low Risk Options to Earn Up to 7.40% Interest

Smart New Ways to Get Great Yields:

1. 4.30% with Interest Checking
Royal Banks of Missouri is paying 4.30%, but only on balances up to $25,000. Similar to other interest checking requirements, in order to get the 4.30% you have to get an account at a {Missouri|local) branch, make 10 signature debit purchases and one EFT transfer EVERY MONTH - for the majority of investors that is too overwhelming.

2. Up to 7.4% at Bank Loan Mutual Funds
Some of the best bank loan mutual funds for this year as stated by SmartMoney Magazine are: 7.4% at Nuveen Senior Income(NSL), 6.6% at ING Prime Rate Trust(PPR),and 4.4% at Fidelity Floating Rate High Income(FFRHX).

Please note that these funds aren't Government insured, and include risks like: volatility, limited access to your funds (you can only withdraw quarterly or once a month), and the underlying bank loans you are laying out capital for are made to companies with low credit ratings and the default rate on these kinds of loans is presently 9.10%.

On the bright side these investments provide reliable income and will increase their dividends as the economy recovers and interest rates rise. Because bank loan mutual fund prices are as of this writing low, you are also likely to profit from price appreciation.

3. 1.55%+ Money Market Accounts
No Risk, Government Insured, increase with inflation, and concede access to your money anytime you need it. As the economy improves, yields from money market accounts will increase; though the yields may not seem impressive right now, they are probably going to increase this year.

Smart investors will make a habit to check money market rates at an internet site like RateCatcher to ensure they are getting the best yields in the market.

Online, it only requires a few minutes to open an account; then you can be ready for the upcoming rate hikes. So, start/increase your savings fund now by opening a money market account today.

Article Source: http://www.onlinearticlessite.com

Skyler Christensen has earned a Bachelor's Degree in Business Administration and blogs about investing at RateCatcher. His mission is to boost investor's ROI while decreasing risk. Consumers can boost their gains on best money market rates by going to www.RateCatcher.com immediately.

Please Rate this Article

5 out of 54 out of 53 out of 52 out of 51 out of 5 

Not yet Rated