1-2-3 Easy Ways To Earn Up To 7.40% On Your Money

By Author: Skyler Christensen
Total Articles: 4393
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Checkout These Easy Ways to Get Top Yields:

1. 4.30% with Rewards Checking:

You can earn 4.30% at Royal Banks of Missouri, but only on deposits up to $25K. Similar to other rewards checking offers, in order to qualify for the 4.30% you have to open an account at a {Missouri|local) branch, make 10 qualifying debit purchases and one EFT transfer EVERY MONTH - for most of savers that is simply not worth the hassle.

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 funds aren't FDIC insured, and have risks like: volatility, limited access to your cash (you can only take out principal quarterly or once a month), and the underlying bank loans you are laying out capital for have been made to companies in trouble and the failure to repay rate on these types of loans is presently 9.10%.

On the bright side bank loan mutual funds deliver reliable ...
... income and will yield more income as the economy rebounds and loan rates increase. Because bank loan mutual fund prices are currently low, you are also likely to gain from capital appreciation as well.

3. 1.55%+ Online Savings Accounts:

No Risk, Government Insured, keep up with inflation, and allow access to your cash anytime you need it. As the economy improves, yields from money market accounts will rise; even though the returns may not seem impressive right now, they are likely to rise this year.

Prudent savers will on a regular basis check money market rates at an internet-site similar to RateCatcher to make sure they're getting most competitive rates in the market.

Online, it only requires five minutes to open an account; then you can take advantage of the almost certain rate hikes. So, start/increase your emergency fund today by opening a online money market account today.

About the Author:

Skyler Christensen has earned a Bachelor's Degree in Business Administration and blogs about online banking at RateCatcher.

His mission is to increase investor's ROI while reducing risk.

Consumers will gain more interest on http://www.ratecatcher.com by going to RateCatcher.com today.