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#2
03-13-2007, 10:51 PM
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Re: $200,000
[ QUOTE ]
what's the best way to invest $200,000 for a year? I don't know what cd rates, or savings account rates are right now, so I thought I'd ask here. Nothing fancy, please. [/ QUOTE ] For 1 year? Probably a CD. Not sure what HSBC CD's are yielding right now but their e-savings are yielding 6% until the end of APril, at which point they will yield 5.05% I believe some other institutions will be offering 5.3-5.4% in the coming months. EDIT: Obv. if the CD rates aren't much higher then I'd probably keep it all in e-savings. Having 100% liquidity would be worth more to me than a smidgeon of extra interest. 
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#4
03-13-2007, 11:23 PM
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Re: $200,000
gobbomom,
im sure you'll get some good answers here, but check out the suggestions thread too. I am going to be assembling a master sticky to address questions like this, but in the mean time, RedJoker has found some really good threads that address exactly this question, in alot of detail. Check out some of the links, they will be a big help.
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#5
03-13-2007, 11:38 PM
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Re: $200,000
Also see www.bankrate.com
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#6
03-13-2007, 11:39 PM
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Re: $200,000
After HSBC, the best rate seems to be Countrywide Bank at 5.40% on their esavings account. With a CD, you sometimes have penalties for withdrawing the money. Right now the esavings accounts are offering very competitive interest rates, so you don't necessarily need to lock up your money in a CD.
With the esavings account, if you have a small emergency, you can make up to six withdrawals a month, if it's a money market account.
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#7
03-13-2007, 11:54 PM
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Re: $200,000
If you are bonus whore and dont mind putting in a little extra effort, this is what I would do:
Deposit 50k in Fidelity through either United or American airlines frequest flyer account. You'll get 25k bonus miles. Lots of money market and CD options at Fidelity earning over 5%. Deposit 25k in TDAmeritrade through Starwood Preferred Guest sign up program. Get 20k SPG points which can be converted into 25k airline miles on most airlines. TD has CD options for 9-12 months that earn over 5% 95k in a 1 year CD earning 5.4% AmTrust Direct First Fed Direct Keep the remaining 30k in a high interest savings account earning 5% or better. Be on the lookout for other promos/bonuses that may pop up (for example, Fidelity had a $100 depsoit bonus for a 10k new money deposit for existing accounts some time back). If you travel and know how to use miles wisely, you can usually book flights where the value of a mile is over 2 cents a mile. You could take the 75k you would invest at Fidelity and Ameritrade and earn .25-.5 higher elsewhere which would result in $187.50-$375 more interest income, but you will be taxed on this amount. I put the value of 50k miles at around $1000 and they are not taxed. Of course, all this assumes you are in not in the highest tax brackets.
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#9
03-14-2007, 01:28 AM
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Re: $200,000
Any relatives in (was in) the Navy/Marines?... 6% - 15 month CD at Navy Federal Credit Union
http://www.navyfcu.org/news/s_certif...t=s&id=230
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#10
03-14-2007, 08:52 AM
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Re: $200,000
I think I found it: This account offers a competitive rate of return plus the security of FDIC protection and virtually unlimited access to your funds.
High Yield Money Market - $25,000 and over 4.92% Interest Rate 5.03% APY Interest compounds monthly and is paid when the statement cycles. Yield is the average of the previous four weeks 91-day U.S. Treasury Bill rate, adjusted monthly at the first of the month. 24-hour account access, Funds are always available. thanks everyone, you gave me food for thought, and inspired me to actually look.
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