@tjarod11 to Ask Lemmy • 8 months agoWhat short term ways to get money have you tried and how did they turn out?message-square54arrow-up180arrow-down10
arrow-up180arrow-down1message-squareWhat short term ways to get money have you tried and how did they turn out?@tjarod11 to Ask Lemmy • 8 months agomessage-square54
minus-square@Usernameblankfacecakelink3•8 months agoWhat percentage of returns can someone expect from these? What amount of parked money would it take to see 1k per year?
minus-squareedriclinkfedilinkEnglish3•8 months 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-squaredeadcatbouncelinkfedilink1•8 months 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.