10 Ways to Earn at Least 10% on Your Savings

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When I first became an investment advisor back in 1981, interest rates were a lot different than today. For example, you could earn nearly 20% on a safe, secure money market fund. You could earn 12% totally tax-free on a AAA rated municipal bond. Completely risk-free, three-month Treasury Bills were paying north of 15%!

Doesn’t that seem impossible? It’s true, though.

Back then, nobody was wondering how they could earn more interest on their savings, because nobody needed to. Fast-forward to today and that’s all investors talk about. And no wonder: If you’re attempting to live off the interest on your savings, best you have a ton of savings.

If you’ve got a million bucks in the bank that’s only earning .1%, you’re only making a thousand bucks a year in interest: Good luck living on that. On the other hand, if you could earn 10% on that million bucks, you’re earning $100,000. That’s more like it, right?

Unfortunately, there’s no free lunch. Only a liar or a fool would try to convince you that you could earn 1,000 times more interest with no additional risk. But, just maybe, you can earn 1,000 times more interest without taking 1,000 times more risk.

That’s what this week’s “Money!” podcast is about. Today we’re going to discuss a bunch of ways to earn 10% or more on your savings, while also examiniting the risks involved.

As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.

Sit back, relax and listen to this week’s “Money!” podcast:

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Show notes

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About me

I founded Money Talks News in 1991. I’m a CPA, and I have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

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