tjarod11@lemmy.world to Ask Lemmy@lemmy.world · 1 year agoWhat short term ways to get money have you tried and how did they turn out?message-squaremessage-square47fedilinkarrow-up178
arrow-up178message-squareWhat short term ways to get money have you tried and how did they turn out?tjarod11@lemmy.world to Ask Lemmy@lemmy.world · 1 year agomessage-square47fedilink
minus-squareUsernameblankface@lemmy.worldlinkfedilinkarrow-up3·1 year agoWhat percentage of returns can someone expect from these? What amount of parked money would it take to see 1k per year?
minus-squareedric@lemm.eelinkfedilinkEnglisharrow-up3·1 year agoIt can range from between 4% and 5%+. Per nerdwallet, the highest they have listed is 5.07%. I’m not good at math and how bank rates work, but you can probably try computing based on those percentages.
minus-squaredeadcatbounce@reddthat.comlinkfedilinkarrow-up1·1 year agoIs it Zopa that provides what I can only describe as collective loans and high interest rate deposits? Not in a bank way. I think there are other names too. Because the risk would appear higher the rates are higher too.
What percentage of returns can someone expect from these? What amount of parked money would it take to see 1k per year?
It can range from between 4% and 5%+. Per nerdwallet, the highest they have listed is 5.07%. I’m not good at math and how bank rates work, but you can probably try computing based on those percentages.
Is it Zopa that provides what I can only describe as collective loans and high interest rate deposits? Not in a bank way.
I think there are other names too.
Because the risk would appear higher the rates are higher too.