I have roughly 50K in my saving now, and my B&M bank only gives 0.75% in interest. I want to put my money into online bank to earn more in interest. I have read the "FAQ The Mother of All Online Banking, Checking, Saving, and Money Market, Interest Rate Threads!" thread and understand that Presidential Bank has the best rate.
My questions: 1) is this bank safe? 2) between this bank and INGdirect, which one better in term of service?
Hardware411 said: rent a hot air balloon. go to nyc and start throwing it all down around times square to cause mass chaos. thats worth 50k Bonus: use sakajawea dollars
How would you get a hot air ballon with 50,000 gold coins off the ground?
Maybe the op could use a helicopter. Or pay a Baseball player to fly really low in a private plane.
DamnoIT said: 1. Change it in for 100$s 2. Tape the short ends of the bills together 3. Roll it up 4. Have the most expensive buttwipe made 5. enjoy! ROTFL! That's the best suggestion I've read in a long time!
hatterbrian
Member
posted: Oct. 12, 2006 @ 4:07p
Get it all in pennies, drive to a car dealership with it (in a large enough vehicle, obviously), and tell them you want a 50k car, and you'll pay in cash for it.
winewind
Member
posted: Oct. 12, 2006 @ 4:16p
HSBC online saving offers 5.25%, which is good enough although not the best
hatterbrian said: Get it all in pennies, drive to a car dealership with it (in a large enough vehicle, obviously), and tell them you want a 50k car, and you'll pay in cash for it.
Before you hit the car dealership go to a another bank trade in all the pennies and get it all in nickels, go down the road and get dimes, go down the road get in quarters, and so on then keep hitting coinstar and repeat this whole process untill you don't have the problem of what to do with your 50k.
kingofms
Shopaholic Member
posted: Oct. 12, 2006 @ 4:22p
winewind said: HSBC online saving offers 5.25%, which is good enough although not the best
Google: FDIC insurance... er, scratch that, I can see you're too lazy to do research: http://www.presidential.com/faq1.htm#fdic
BTW- If you're in a high tax region, look at T-Bills at Treasurydirect.gov (no state or local taxes). Of course, someone else can chip in on if this is a safe investment...
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