Where Can A Person Get A Guaranteed High Interest Savings Plan?

I always read stuff about savings plans or accounts that yield 6%, 8%, even 12% per year. What type of investments are these? Are they guaranteed? What is the highest guaranteed interest rate available for those with less than 100K to invest?

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3 Comments

  1. Joe
    Posted June 2, 2009 at 6:06 am | Permalink

    An investment can be guaranteed by the company that offers it, but the company may not be safe. If you want a government guaranteed investment that you can withdraw at anytime with interest, you will be lucky to get 4.5% a year.
    You can get higher interest but there is usually a catch. For instance, Government I Bonds will give 6.73% for 6 months, but there is a penalty for if you withdraw the money in less than 5 years. What interest rate you get after 6 months varies. Other government bonds can yield more than 4.5%, but there can be a penalty for early withdrawal. ING has some interesting offers but they often have catches. For instance, they offer 4.75% a year, but it only lasts til April 15th.

  2. Frank Castle
    Posted June 2, 2009 at 6:16 am | Permalink

    1) I know an Insurance company that can pay you 4.75% and my company pays 9.50%
    2) If you want an investment of 6% you need to invest in junk bonds. For 8% you need to invest in Exchange Traded Funds. For 12% you need to invest in Mutual Funds or Stocks.
    The first two options are guaranteed.
    The rest are not guaranteed and you can lose money if you don’t have a Financial Advisor or Portfolio Manager.
    The highest guaranteed interest rate available is 9.50%
    You can obtain very high returns with stocks if you are willing to risk at least a small amount of money. For example you can limit your loses to 20% and you risk only a maximum of $20,000.00
    However, you could make $100,000.00 in a year.
    Most people think in the stock market you lose all your money in one day but in reality you can limit your loses.
    Drop me a line if you need more detailed advice.

  3. winterom
    Posted June 2, 2009 at 11:53 am | Permalink

    You have ask the right question!
    Swiss Mutual Fund was set up after World War Two in 1948 by the Cheviot family of France and based their operation in Berne, Switzerland for 48 years before shifting to The Commonwealth of Dominica in 1996 due to changes in financial regulations in Europe. Offshore countries flexible financial environment, taxation scheme and regulations offer Swiss’s clients a more stable and higher returns on their investment.
    Swiss Mutual Fund is fully licensed by the Government of Dominica. The Dominican has established a comprehensive regulatory framework that includes five regulators and supervisors. The Central Bank of Dominica and the Securities Commission of Dominica ensure adherence to international standards of performance, service and confidentiality for Banks and Trust, Securities Broker Dealers, and Securities Investment.
    GLOBAL CONTACT:
    SWISS MUTUAL FUND ( 1948 ) S.A.
    280 Madison Avenue, 912-9th Floor, New York.NY10016 ,U.S.A
    P .O .Box 2342.Roseau,The Commonwealth of Dominica
    http://www.swisscash.biz/sgcha0324302

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