what is the best type of account to save money and yield the highest interest rate?
922472
The best relative safe one that I have found is a Bond fund that Charles Schwab has--it currently pays 5.8%.  I have some funds in it and did a lot of checking before going in that direction.  Schwab is a good Co. to deal with --no conning or high-pressure.\nRemember the "rule of 72" says that your 5.8% compounded and reinvested will double in 12 and 1/2 years.
537508
You could open an online (only) account at an investment bank, there are many out there with high interest rates!\n\nIng Direct\nHSBC\n\njust to name a few.
1063523
ING offers a savings account with a current interest rate of 4.25%.  (6/12/2006)  If you are talking about something other than savings accounts here is a link to their site: http://www.ingdirect.com
903561
Buy a $1,000 Series I Savings Bond.  It's also one of the safest ways to invest.
495520
It is best for you to shop around at all the banks here.  Check out their websites, they will normally post their interest rates on-line.  Try:\n\nChase\nBank of Kenosha\nJohnson Bank\nSouthport Bank \nNorth Shore Bank\nEducators Credit Union\nSouthern Lakes Credit Union\nAMCCU (American Motors Community Credit Union)\nBank of Elmwood\n(I would advise you to stay away from TCF, that is just from what I have heard from others)\n\n... that is all I can think of right now.\n\nYou can also check bankrate.com for a listing of national rates, so you can tell what the norm is.
141241
It depends. You would have to work out the interest rates to see which one will yield you the most money. My guess is that the daily compounded cd will yield the most. Go to http://www.finaid.org/calculators/scripts/compoundinterest.cgi to see what will yield the most over the time period you need.
811454
Reliance can be a good option because the fund liquidity is maximum as they provide you ATM cum Debit card, from where you can get your money refunded anytime.
1132383
Even "high interest" savings or Money market accounts pay less than the interest rate a bank charges for a loan. That's how banks make money. They take in money and pay a low interest rate, and then they lend money out at a higher interest.
409487
Depends what your after?  I would suggest bonds as the 'safest' form of risky investment.  I know that makes no sense but speak to a highstreet bank - they abviously use finacial advisesers with considerable knowledge of the market to pick them a few investments.  In turn you get the opportunity to 'back' thoe investments with your own money - the back will take their cut of the top and leave you the rest.\n\nOtherwise a shortterm alternative would be premium bonds (although I think the max is £20k per person then if I remeber correctly every £100 essentialy buys you a lottery ticket - this Premium bonds lotrery takes place every month and although you don't make interest (hence only look at this a short term investment (unless your lucky!) you do stand the chance of winning between £50 and £1m a month...
495110
The best kind of bank with the best interest is a Local credit union. Instead of making profits and stuff, local credit unions give all the profits back to the members. They don't make a profit off the credit union. They have the lowest interest rates on loans also. They are not out to stiff you like Bank of America and all those big banks.
1859
Money Market accounts typically offer a much higher rate of return than savings accounts. They invest in super safe securities such as short term bonds and t-bills. They are completely liquid (you can make withdraws whenever). I highly recommend opening a money market account simply because you earn 2% or 3% more than a savings account. They also adjust to the current interest rate much faster than savings accounts which typically move like molasses on a winter day.
317570
Primerica is the best by far. They are the only people that deal with simple interest loans. It saves more money on the whole.
901036
There's a trade-off between having complete access to your money and getting as high an interest rate as possible.  The more you are willing to "lock up" your money, the more interest you can get.\n\nThe checking account is generally the highest access (fewest restrictions, etc.), but the lowest interest.  Next up the scale is a money market account.  Then comes CD's, bonds, etc.
324593
A broker is your best bet as they can shop between all the banks for you to find the best rates.  Rates are as low as 1% on adjustible ARMs and 5.5% on fixed rates.  Let me know if I can help.
1130502
Check on www.bankrate.com for interest rates.  It's always good to save money!
848938
Washington Mutual.  Online they offer a free checking account and a free savings account that pays 5% interest.  Their debit card earns rewards, though not as juicy as many credit cards offer.\n\nhttp://www.wamu.com
434643
This depends onthe bank and savings acct you open.  Most compound interest daily but either pay it monthly or quarterly.  It sounds like a money market acct may be a good option for you, the interest rates are generally higher than traditional savings accts and do require a larger initial deposit.  READ THE TERMS AND FINE PRINT FIRST!!\n\nWhat you mean about returns on investments,I am not sure... banks do not handle and pay on brokerage accounts if that is what you are referring to..