Bank finance articles and tips

If you are one of those who are grumbling and complaining about how little interest you are earning on your money market account you will certainly want to read this article. You can in fact generate annual interest rates of 15 percent or more on your idle cash deposits by changing the way you invest.

In today's economic environment, where interest rates are down to historical lows, it is no longer good money management to leave your cash in the traditional safe havens of bank deposits, CDs, money market accounts and treasury instruments. Many such instruments are now returning less than one percent with the best returns being in the region of about 2 percent if the amount deposited is very large and the funds are tied up for fixed terms of two to five years. If you are going to tie up your cash for two or more years in order to qualify for the higher rates, you should certainly be looking at something else. With inflation running at more than 3 percent you need to make your money grow more than this rate or it would be losing value every year.