Best Bank Investment for one year

Discussion in 'General Business' started by zac439, Jun 3, 2007.

  1. ReadyToGo

    ReadyToGo Peon

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    #21
    I wouldn't say that Paypal is very secure.
     
    ReadyToGo, Jun 4, 2007 IP
  2. zac439

    zac439 Notable Member

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    #22
    I agree with readytogo, paypal isn't secure in the least.

    They have some of the worst business practices and customer support I've seen.
     
    zac439, Jun 4, 2007 IP
  3. geej

    geej Guest

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    #23
    UFBDirect - Now Owned by SkyBank
    No Minimum Balance
    $50 Opening Deposit
    High Yield Money Market - 5.31%
    Limit 3 Withdrawals Per Billing Cycle
    Great Customer Service... Fast Response
    Interest paid on the day before the last day of the month.
    I'm very satisfied with them. Been with them since 2005.

    http://www.ufbdirect.com/ufbdirect/

     
    geej, Jun 4, 2007 IP
  4. geej

    geej Guest

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    #24
    I second that.

    Paypal could freeze your account and you couldn't get your money out. I've had that happen before. Something happened and my account got frozen. I had to re-enter my security questions and confirm my telephone number. A computer called it and gave me a pin. I had to enter the pin. Then I had to wait like 5 days before the account got reactivated.

    I think at that point I had about $1,000 dollars in the account. I was freaking out, because I didn't know if they'd reactivate my account. They finally did. But that wasn't before I nearly had a nervous break down.

    Oh and what was really bad, I couldn't accept payments either. I was totally F'up. I got smart after that and opened several additional verified accounts as backups.



     
    geej, Jun 4, 2007 IP
  5. geej

    geej Guest

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    #25
    Come to think of it. You might want to checkout Prosper.com. If you don't mind taking a little risk. You might get as much as 27% return. But that comes with some risk. You could get minimal risk and get 8%.

    I've never lended money through Prosper.com as a way of investing. So I don't know how it all works. Some others here might know.

    http://www.prosper.com

    You might also check around and see if there's any friends or relatives with credit cards. Offer to loan them the amount they own at 1% or 2% less then what their loan interest rate is. Then create a promissory note for the amount and you might make 10% or 12% over the next year. And they'd feel like our helping them out by reducing their interest rate.

    I'm a bit leery loaning money to friends and family, simply because it sucks to have to take family and friends to small claims.

    I mainly just mentioning these ideas, just to give you some ideas.



     
    geej, Jun 4, 2007 IP