Straight-forward. Objective. Free Advice.

5 Rules: Getting the Best Rates

1. Understand Interest Earnings

Annual Interest:

A $10,000 investment will earn you $500 when an investment pays interest anually. It's rate and yield would be the same at 5%.

Compound Interest:

The same $10,000 will earn you $506.25 when the investment pays interest semi-anually. In other words the interest is paid out twice a year. The rate stays the same, but the yield will be higher due to the compunding method of applying the interest rate.

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2. Research and Find the Best Yields

There is an array of nation-wide banking institutions that advertise competing interest rates and yields. Selecting the best is best done by comparing the terms and conditions of their offers.

3. Understand Rate Forecasting

Currently the highest yields being advertised are at around 5% across the board. These rates are worth locking up with investments vehicles such as CDs or Money Market accounts. They won't stay the same for long.

4. Maximize Your Earnings

You can usually do this by continually evaluating interest rates and re-investing your term based investment vehicles in intervals that match your liquidity needs.

5. Check Rates in Your Area

Find interest rate information in your area. Get an interest rate report here.

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