where can i put a small savings to gain the most interest and be able to borrow off of?
399512
a cd is really your best/only route if you want to borrow against it.
1004393
Not much chance of getting one - best best is to try your own bank - they can usually sort something out...  bare in mind - no income, previous problems, dont own house = unsafe investment for bank computer..  you could always lie - a default doesnt mean you wont get one - just that the interest will be higher..\n\nYou could always try a local financial coop - look in your local library.
884106
Loads of places - HFC bank are a favourite for unsecured loans. You will only need a guarantor if you are young and/or have a poor, or limited credit rating.\n\nOtherwise they are only too keen to lend you money but as the other answerer said - be ready for high interest rates and hefty repayment schedule.\n\nOff to buy Xmas presents already? Good luck..........
867845
1) Ask relatives and friends to buy shares in the hotel and/or\n\n 2) Ask them to give you loans, at rates of interest between bank savings a/c and mortgage a/c.\n\n3) Take a business mortgage for the rest.\n\n4) Do not forget to leave yourself sufficient working capital. More businesses fail due to that than from anything else.
403104
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.
450896
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.
653710
Try your local teacher's credit union.  Usually you can join if you're a member of the PTA.  Their rates might be a little better than a commercial bank.\n\nDon't forget US Savings bonds!
159335
Consider a bank certificate of deposit.  You won't make a ton money, but it is secure and you can get your money after a year (or a few months because you pick the length of time) Should be able to get around 4.50%
74708
Whatever the "average" interest rate is, I'm not sure why you're interested.  I would think you'd be looking for the lowest rate.\n\nIf that's what you're interested in, I suggest you find a credit untion near you that you qualify to join and apply for your loan there.\n\nThe next best way to get a low interest loan is by using collateral like with a car or home equity loan.  Do you have a car or home with equity that you can use as collateral for a loan?
489057
get the lowest fixed rate mortgage you can get and invest the money borrowed in something secure like a money market.  Let's say you borrow at 5.75% and invest at 4.5% - the interest paid on the mortgage is tax deductible - for a person in the 28% marginal bracket the effective rate is 4.14%.  As interest rates rise, your mortgage payment stays level but your income from the investment rises.
753849
Usually the amount you can borrow is around 2.5 times your salary, or in your case you and your friend's salary combined\n\ne.g. if you earn 40,000 between you, you can borrow 100,000\n\nYou need to go to the bank and ask for advice, and they will give you details of which mortgage will suit you best. Then you can shop around and try and get a lower interest rate!
642311
interest-SIMPLE INTEREST
804592
Open a bond...some banks offer 6% interest and that would be a great extra income ( around £300 per month )...
679388
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.
928963
you probably want short term borrowing.\n\nMoney shop will cash cheques for 1 month and charge about 6%\nup to £500 at a time.\n\nProvident will lend money but charge the earth.
198482
Many, if not most, financial institutions will be willing to lend you money with collateral. SHOP for the best rates. Stick with the banks and credit unions - stay away from the high interest "store front" lenders
1020732
work, save and invest.  if you want money go to where the money is.