looking for a high-interest savings account, with 10-12% interest.?
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They don't exist (not in the US at this time).  Interest rates on savings accounts reflect market interest rates.  If the fed funds rate is 3.75%, then the savings account rates will have to reflect this relatively low interest rate.\nHigher returns are associated with taking on higher risk.  To earn 10%-12% interest rates, you will need to invest in something riskier, like the S&P 500, which has, over the long term, generated a rate of return between 10% and 12%.\nAnd, don't think that if a savings account in England (as an example) is paying 10%, you can just convert your dollars to pounds and invest in the English savings account.  The differential rate of return is already built in to the exchange rates (spot rate and forward rate) between the two currencies, courtesy of the world markets and something called arbitrage.  Arbitrage will instantly wipe out that differential rate of return by a compensating change in exchange rates.
909565
Regular checking/savings accounts typically will not offer that high of an interest rate.  Rates like that typically aren't found from a bank on higher end CD rates.  \n\nYou could check www.bankrate.com
273207
By wanting a 6 month CD I'm assuming that you may be needing the money at that time.  If this is the case, a better alternative would probably be a high interest savings account.  Most of them are actually paying higher then short term CD's.  Try online either ING, Capital One Bank, or Allstate Bank.
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What kind of savings account gives you 10% interest? And anyway, why would you only want to save $200? Very mind-boggling. Why would you want to know the answer? Is this your homework?\nAnyway, just for the heck of answering:\nUse a financial calculator. \nKey in 200, followed by pmt. (Payment)\nKey in 10, followed by n. (No. of years)\nKey in 10, followed by i. (Interest)\nCompute the value. \n\nThe value that you get is how much you will have in your bank at the end of 10 years. That figure is your PV for the following calculations:\n\nTake calculator, key in figure followed by PV.\nKey in 10, followed by n.\nKey in 10, followed by i.\nCompute FV.\n\nTah dah! The answer you want!
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Refinance for a better interest rate.
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You can try www.bankrate.com, or try some of the online banks like ING, Capital One Bank, or Allstate Bank
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Talk to a local bank that keep there loan in house rather then selling the note on the secondary market.\n\nConsider private finacing. A yield at 8 to 8.5% would be nice on a ten year note.\n\nPerhaps you may know someone in the family that can help. 3% on your money is not much of a yield on a savings account.
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Go to your local Edward Jones branch office. Even though it is a small account, they will be very friendly and helpful.
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I personally have an HSBC online-saver account. It is run solely over the internet banking system, and because of this, and because it means that HSBC don't have to employ any staff to manage the account or handle paperwork, the interest rate is higher. I believe it is currently 4.95%.\nAlternatively you could open an ISA account, which also have good rates of interest.\nYou're best bet is to go down to a building society or bank, and speak to a Customer Adviser. Be warned though, they will invariably try to get you to sign up for their own company's accounts. So if you go to Natwest, you will hear all about the greatness of Natwest. Shop around!\nHope this helps,\nRegard, Liam
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If you are able to save $400 a month you are well ahead of most people.  GO talk to a financial advisor.  \nAt the bare minimum you can invest that into a CD and get 4% interest compounding.
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Safety - safe, FDIC insured up to $10K. Unless someone bombs your bank, the money is safe.\n\nGrowth rate - this SUCKS for savingts accts. They give less tthan 1% return. If youre interested in savings accts, use Orange (ingdirect.com) who is offering 3.95% currently - way better, but still not as good as a CD. \n\nInflation Protection - none. Inflation grows faster than the measly 1% return youre getting...\n\nLiquidity - excellent! You can get at it whenever you need to witth an ATM card! \n\nTax avoidance - none. Get sent a 1099 at the end of the year. However, in order to get dinged on your taxes, you need to make more than $600...at 1% interest, that means that you have $600,000 in a savings acct...doubtful at this point.\n\nWhat really irks me is that they take your money and lend it to people, charging 15 - 19%, pocket 14-18% and give you 1%. BS!!!
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Open a bond...some banks offer 6% interest and that would be a great extra income ( around £300 per month )...
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Why not stick with a well known entity like ETrade Bank, or Paypal?  (paypal has a sweet deal...high interest rates on a no fee account and they kick back a percent and a half everytime you use your debit/mastercard as a charge card).
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Capital One and ING offer the best high yield savings account.  There is no minimum, and there are no fees to maintain.  I just opened one up with Capital One, and there interest rates are 4.25%.  You're not going to find much better than that.  With both of these accounts, you can have them linked to your checking account.
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Check out a Plan 529.  Most states have one and they are very user-friendly.
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You will probably want something with the lowest interest rates. Here's a good place to look:\n\nhttp://www.lowcards.com/
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I heard if you put 1 mil in a savings account, you get a much higher interest rate, like 10%.  So I would put it in the bank and live off the interest.