Where’s the Best Place to Put Your Money?

August 25th, 2010 - By TheEditor

(AJC) — It’s not easy to decide where to put your money these days? The interest rates depositors earn from banks are at record lows — and Georgia banks’ rates are lower than most, according to a new study reported by AJC staffer Scott Trubey. The national average interest rate for all deposits — checking or savings accounts, money markets or CDs — dropped in July to 0.99 percent, according to Market Rates Insight. The average in Georgia was 0.75 percent, MRI said.

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  • https://sites.google.com/site/jemalknows/ JemalKnows

    The safest bet right now is the highest yielding money market instrument you can find, preferably a money market investment fund. You can remain liquid and get a little return despite the volatile stock market. After that period; I’d look for a higher yielding CD (if available) or reinvest in the same until the tide turns some.
    ~JemalKnows

    https://sites.google.com/site/jemalknows/