General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumswhere can I get a good interest rate on savings?
the money is currently getting 0.95% with state farm. I know we can do better if we look around. Any suggestions?
$100K
DesertFlower
(11,649 posts)american express bank.
banned from Kos
(4,017 posts)there are many others
mitchtv
(17,718 posts)I just can't do it again, not enough time to make it back My bell system stocks are enough (employee)
safeinOhio
(32,532 posts)but the price has gone up 30% in the last year. If you had purchased $70 grand worth a year ago you would have made about 33% on it.
Some risk in dividend stocks, however many utility stocks have had 4 to 5% returns over the long haul with decent appreciation. Dividends are also taxed at a lower rate.
Response to mitchtv (Original post)
Mnemosyne This message was self-deleted by its author.
DURHAM D
(32,596 posts)I am also with State Farm. Just looked around last week but could not find a better spot. I have a brother in Florida who kept claiming he was doing better than SF in some small credit union. I finally made him actually pull out his statement and really look at it - he was wrong. He is moving more to SF.
Scuba
(53,475 posts)gateley
(62,683 posts)marybourg
(12,540 posts)Nye Bevan
(25,406 posts)The only way to do significantly better (while keeping FDIC insurance) would be to buy CDs. A 5 year CD should get you closer to 2% but of course you are locking up your money.
dmallind
(10,437 posts)Preferred stocks you can get 6.375% with AT&T. Not common stock but safe preferred.
If you insist on avoiding equities ING's checking will give you 1.1% at that level.
mitchtv
(17,718 posts)I love DU, the members are always a great resource, I have some avenues to investigate