What is a high yield savings account?
March 20, 2009 by How Savings Bonds Work
Filed under High Yield Investing
Can you answer Sammer’s question about Bonds?:
I recently talked to someone about how they put in 2,000 dollars into some type of account and 24 years later his money was work 74,000. is this a high yield savings account or what kind of account does this sound like?
Tax Free Municipal Bonds
I recently talked to someone about how they put in 2,000 dollars into some type of account and 24 years later his money was work 74,000. is this a high yield savings account or what kind of account does this sound like?
Tax Free Municipal Bonds
Bonds Feedback: after 24 years of investing it could be almost any thing, 2k to 74k in 24 years is a 16.236% return year over year,or $324.72 a year in interest payments, that is freakin awesome, you need to find out were this guy invested and tell the rest of us
Bonds Feedback: High yield saving account is relative to the existing rates for any given quarter. When Jimmy Carter was president, and inflation was 22% and the average interest rate was 12% 18% was a high yield savings account. Now that Interest rates are closer to 3% and inflation is about 5% you would consider 5% a high yield savings account.
Bonds Feedback: I’m getting 8% a year from my bank deposit (obviously not in the USA). Is it a high yield account from your point of view?