Three Low Risk Ways to Earn Up to 7.40% on Your Savings

Smart Easy Ways to Get Top Yields:

1. 4.30% with Interest Checking
Royal Banks of Missouri is paying 4.30%, but only on deposits up to $25,000. Like other rewards checking offers, in order to qualify for the 4.30% you have to get an account at a {Missouri|local) branch, make 10 signature debit purchases and one ACH transfer EACH MONTH - for most of savers that is too much hassle to be worth it.

2. Up to 7.4% at Bank Loan Mutual Funds
Three 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).

Before you commit your cash, Realize that these investments are NOT Government insured, and include risks like: volatility, limited access to your money (you can only withdraw quarterly or once a month), and the underlying bank loans you’re laying out money for have been made to companies in trouble and the failure to repay rate on these kinds of loans is presently 9.10%.

The good news is these investments provide steady income and will yield more income as the economy recovers and loan rates rise. Because bank loan mutual fund prices are currently low, you are also likely to benefit from price appreciation.

3. 1.55%+ Money Market Accounts
Zero Risk, Government Insured, keep up with inflation, and concede access to your money 24/7. As the economy rebounds, rates on money market accounts will rise; even though the returns may not seem impressive right now, they are likely to rise in 2010.

Conscientious investors will make a habit to check money market rates at an internet-site similar to RateCatcher to ensure they are getting most competitive rates in the nation.

Online, it only takes 5 minutes to apply for an account; then you can take advantage of the upcoming rate increases. So, beef up your savings fund today by opening a money market account today.

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

Skyler Christensen has a BSBA and blogs about personal finance at RateCatcher. His mission is to increase investor's ROI while mitigating risk. Consumers can gain more interest on money market funds by visiting www.RateCatcher.com immediately.

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