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The Water Cooler
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Stimulus checks
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<blockquote data-quote="NightShade" data-source="post: 3342778" data-attributes="member: 29706"><p>The thought of investing it in something that is stable and "gets good interest" is pretty well worthless right now. The interest rate is something like 0 to 0.25 so that means after a year that 1200 turns into not much more. The only way to get the premium rates is if you have a whole lot of money going through an account or you have put 10K into an account already. That is also before fees and such so will it truly be worth investing it while carrying a balance on anything or putting off repairs on a vehicle so you get better mileage, probably not.</p><p></p><p></p><p><a href="https://www.bankrate.com/rates/interest-rates/federal-funds-rate.aspx" target="_blank">https://www.bankrate.com/rates/interest-rates/federal-funds-rate.aspx</a></p></blockquote><p></p>
[QUOTE="NightShade, post: 3342778, member: 29706"] The thought of investing it in something that is stable and "gets good interest" is pretty well worthless right now. The interest rate is something like 0 to 0.25 so that means after a year that 1200 turns into not much more. The only way to get the premium rates is if you have a whole lot of money going through an account or you have put 10K into an account already. That is also before fees and such so will it truly be worth investing it while carrying a balance on anything or putting off repairs on a vehicle so you get better mileage, probably not. [URL]https://www.bankrate.com/rates/interest-rates/federal-funds-rate.aspx[/URL] [/QUOTE]
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