Question : Which is best bank in New York for opening a savings (money market) account for 50000$ and above?
Which is best bank in New York for opening a savings (money market) account for 50000$ and above?
I have a CITIBANK which is paying a measly 1%. Any suggestions?
I heard banks in China and India are offering 8-10% rate of interest. Can we (non Indian/chinese citizens) invest in Banks there? Other than currency risks – is there anything else I should check up on?
money market savings account

Best answer:

Answer by Judy
All banks are paying crapped out interest rates.
If you have that amount, consider going with a discount broker like
Charles Schwab or Fidelity Investments

If you are willing to tie up your money, you can find 5 or 10 year cd’s paying 3.6 interest.
Tell Obama thank you for all his does next time you visit DC.
We sure appreciate interest rates at nothing.
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