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Old 04-01-2005, 05:31 AM
Samp Samp is offline
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Default Another newbie question

Is there anything out there that allows me to get paid interest every month? Other than a 1 month CD lol

Thanks again people!
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Old 04-01-2005, 06:46 AM
34saving 34saving is offline
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Default Re: Another newbie question

Almost any bank account will pay you monthy. (The rate they quote you is usually a yearly rate, but they pay 1/12 of it every month.) You might what to check out the ING vs. Emmigrant Direct thread. Both of these banks pay interest monthly.
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Old 04-01-2005, 10:20 AM
terry1156 terry1156 is offline
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Default Re: Another newbie question

34savings is correct. Almost all bank accounts will pay the interest on a monthly basis, but you aren't going to find a bank account that pays the same rate monthly as your do yearly (ie 3% monthly instead of 3% yearly)
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Disclaimer: I don't know what the heck I'm talking about (my wife's favorite quote), so please take all advice given with a grain of salt :o
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