Where can I find the best Roth IRA rates?

Question : Where can I find the best Roth IRA rates?
My current Roth IRA only accumulates 2.5% interest. Where can I get better? Highest rate return gets 10pts!!!!
I’m not sure if what I’m asking will make sense, but I’m looking for the kind of risk I’d normally expect from a good mutual fund, something I can manage myself — ultimately, I want to protect my 10K from being counted against me when I apply for financial aid so I may go back to school…. I understand a Roth might help with that… THANKS!
ira rates

Best answer:

Answer by rainfingers
You can transfer your Roth IRA (or open a new one) at any mutual fund company. Try Vanguard and Fidelity. Your rate of return will depend on market conditions and what you invest in. If you want something safe, Fidelity’s money market is paying about 5% right now.

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Comments (3)
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#1 written by sdrum49 1 year ago

You say you want to maximize your current interest rate? Invest in some really low grade bonds — like companies in bankruptcy. Of course, with any investment there is an inverse relationship between risk and yield. But if that’s what you want . . .

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#2 written by Sunshine 1 year ago

Check out VanGuard and their Roth IRA’s. Remember it isn’t just the rate you’re getting. You need to check the fees you are paying. VanGuard has the lowest fees around. Good luck.

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#3 written by success_2_be 1 year ago

You didn’t specify the type of investment you have currently in your IRA portfolio. You need to be more specific on whether you’re willing to take on more risk. From here you’ll be able to find the type of investment you’re willing to invest (mutual fund, bonds, stocks, etc.) and then extrapolate the historical return you should be receiving.

I have Vanguard Roth IRA diversified into 80% VTSMX (Vanguard Total Stock Market Index) and 20% VGTSX (Vanguard Total International Stock Index) and the theoretical long term return is about 10.5%

My return from VGTSX (Vanguard Total International Stock Market Index) recently has returned close to 20%, but that is out of the ordinary and not expected sustainable over the long term. You should not chase recent short term return, but instead focus on the long term.

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