What's the best way to earn the most interest?
538326
That other answer is not entirely true.  CDs are not backed by the full afaith and credit of the US, they are backed by the FDIC.  That means if the bank fails, your deposit is safe.  Only US Treasuries are backed by the full faith and credit of the US government.\n\nYou need to figure out how long you plan on saving for.  If it really is one year, then stick with CDs.  If it's 10 years, you should look at high quality mutual funds that have a decent ten year track record (or longer) and are low cost.  \n\nYou may want to consider working with an advisor and put together a solid strategy.  Ask your friends and family who they use and then make sure you know how they get paid.  A good advisor is worth the price, just make sure you find one that's ethical!
494
You can find interest rates on CDs and money market funds at the link below (Bankrate.com). This is by far the best site for finding the highest-paying banks in the country.\n\nWilliam Perez\ntaxes.about.com
1112845
go to an Investment advisor and talk with then on what to invest your money in to get the best return.
395235
Pay in full if you can. If you can't pay it all, then pay as much as you can. \n\nCredit card debt has the highest interest of anything except maybe the pawn shop. If you can get a bank loan at lower interest to pay off your credit card debt, do it.\n\nCredit cards should be used for convenience, not for credit.
113615
Start off with $7.2 Billion.  Put that in an interest generating vehicle that will earn you 5% annual interest compounded daily.  That should generate roughly 1 million in income over night.
1172643
You'll pay about 18-20% interest.  Unless you paid it back fairly quickly, you could end up paying back a huge amount of money in interest. If at all possible, I would hold off on whatever it is you want to buy until you have the cash.
74708
Whatever the "average" interest rate is, I'm not sure why you're interested.  I would think you'd be looking for the lowest rate.\n\nIf that's what you're interested in, I suggest you find a credit untion near you that you qualify to join and apply for your loan there.\n\nThe next best way to get a low interest loan is by using collateral like with a car or home equity loan.  Do you have a car or home with equity that you can use as collateral for a loan?
43381
I could write an entire paper on this subject.  However I'll give you a few tips to get you started.\n\n1: Those who understand interest collect it.  Those who don't pay it.  There are things in life that you must take out a loan in order to obtain, and it is even a good thing for certain things such as a house.  However most items you should make payments to yourself and then purchase it.  You can save an incredible amount of money by doing this.  For example; get by with the old clunker car you have and instead of paying the bank $500 a month for a new one, save it in an interest bearing savings account until you have enough to pay cash for it. Same goes for the toys. If you want a new 48" HD flat panel TV, make payments to yourself until you have enough to purchase it. DON'T get the loan.\n\n2. Start putting  money in interest bearing fund.  An IRA (individual retirement account) is an excellent choice.  Do not worry if you can not afford to put away much each month.  If $10 is all you can handle that is fine, the important thing is to start.  If your place of employment offers a 401k, you should definatly take advantage of it.  Many times they will match a certain portion of your contribution, which in a sense is a payraise.  ALso by putting your money into such funds you can't just go to the bank and draw from it which is a good thing.\n\n3.  Whenever you get a payraise, or take a different job that pays more, you should save most of the raise rather than spend it.  You have been getting by with the old salary and are use to it. At least save half of the raise.\n\n4.  When you start saving it will seem that your savings are not growing very fast.  But you will be surprised a few years down the road just how much it begins to grow.  If you have a $100 dollars in savings an earn 7% interest on it in a years time you have made only seven dollars.  But  the more you save the more that 7% means. When you have $100,000 dollars in your accountd that 7% equates to $7,000 dollars.\n\nEven people with meager incomes can become independently wealthy over time.  Just don't expect it happen overnight.\n\nI have been saving for 16 years now and my net worth is now slightly over a million dollars.  When I started saving my yearly salary was about $24,000/year.  It is currently about $70,000.  So you see I don't make an extreme amount of money, but I have been able to save a fairly good amount.  It can be done, it just takes perservance.\n\nBest of luck!
557065
First - stop using the credit card.  Interest can work for you (savings) or against you (credit)\n\nLook at it this way - if you save $100 at 1% (typical bank savings acct.) you HAVE $101 at the end of the year.  If you pay on $100 @ 12%, you've PAID $112 at the end of the year. \n\nPay off the debt, then save, save, save!  Let the bank pay you to lend your money to others, instead of you paying the bank to use your money!
427882
Pay off any debts you have.  Start investing in a 401k or mutual fund.  Buy a house as soon as you can-- still the best way to build capital long term.
198482
Many, if not most, financial institutions will be willing to lend you money with collateral. SHOP for the best rates. Stick with the banks and credit unions - stay away from the high interest "store front" lenders
966355
if you want to keep the money liquid and easily accessible money markets or short terms CDs are the right place to look. www.bankrate.com shows a ton of options ranked by return. you'll find the best rates with online banks. many reputable ones are available.i bank with Bank of America also who's currently offering a no penalty withdraw on a CD earning 4-5%. you won't do better with anything else out there if you're looking for guaranteed return and easy access to your cash.
509925
I would get a CD becuase of the fact that you can do it long term and the money gets the best interest. \n\nYou can also open a TERM Money Market acocunt where you can have the bank invest in stocks and mutual funds and you need to sign a term contract before you can take the money out, but may also give you a high yield; maybe even much higher than a CD which usually has rates close to 5 or 6% now...
1095013
From a pure mathematical standpoint, the quickest (and cheapest) way to pay off credit cards is to pay off the cards with the highest interest first.  This is because as your balance with the highest rate diminishes, the amount of interest accrued on the remaining balance diminishes as well.\n\nHowever, many advocate the "debt snowball" which endorses paying the card with the lowest balance first, then moving progressively to the next highest balance as each card is paid off.  This works for some people from a psychological standpoint because they see quicker results as each card is eliminated.  For some, it has been the only method that worked.  There is no doubt, however, that you will pay more money overall through this method, all other things being equal.  This method is most closely identified with Dave Ramsey.\n\nNegotiating with all the credit card companies for a lower interest rate is a good idea.  If they are not interested in lowering the rate, you can bluff them by threatening to transfer your balance to a lower interest card.\n\nBalance transfers are a tricky thing.  In many cases, a credit card company will assess a charge for a balance transfer.  Make sure that you read the fine print before doing this.  Also, some cards have a separate interest rate for balance transfers vs. purchases.  Do not be fooled.  Good luck!
371430
High Yield Investment Program. 80% are scams. The only 20% which are real--which are also really fantastic ways to make money--are listed at http://www.goldrankings.com\n\nGood luck!
207614
Invest in Mutual Fund, the way to make a fortune in mutual funds are through compounding.  Compounding happens when your earnings themselves generate more earnings, allowing you put ever-greater sums to work.  The more time that goes by, the more powerful compounding becomes.\n\nIn order to get the most benefit from compounding, you'll need a carefully selected growth-stock fund, and you'll need to stick with over time.  For example, if you purchased $10,000 of a diversified domestick growth-stock fund that average about 15% a year over a period of 35 years, you will have $1.28 million!\n\nSuppose you also added $2,000 each year and let it compound as well. your total would then come to more than $3 million!  Now, how much more do you think you'sd have if you also bought a little extra during every bear market while the fund was temporarily down 30% or more from its peak?  \n\nNothing's guaranteed in this world, and yes, there are always taxes,  How better growth funds over the last 50 years, and what could happen to you if you plan and invest in mutual fund correctly.
324464
concentrate on paying off your highest interst loan first, like a credit card that can be 18% or more.  then pay off the 2nd highest debt, etc.  you have to make more than just minimum payments to make any headway at all.