WHAT IS BEST BANK FOR INTEREST ON 40K i don't want any risk

Question

WHAT IS BEST BANK FOR INTEREST ON 40K i don't want any risk

Answer 1

all banks are the same - just find the local bank paying the highest rate on CD's for the length of time you want to invest-there won;t be very much difference between banks - maybe 1/10 of 1%

Answer 2

Go for a building society account. they tend to offer better interest rates. There is no risk, but the rate depends on the type of account you want..i.e. intant access, or notice account ( where you usually need to give a months notice to withdraw any funds)