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Originally posted by morphius
Im sorry but if you have checked the interest hasnt been so goo d lately, as in very little profit........
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So we should all stuff our money in a mattress no matter how much we have? She's got the most reason in the world to invest no matter how bad the interest rate is because she has the Mother Lode of principal.
Yes, I've checked. A savings account pays around 1 percent, plus or minus. One percent of $58M is $580,000, and that's simple interest, not compound interest, which she would get. If she doesn't want it I'll take it off her hands. You can get 4 percent on a CD easy.
And, interest rates are starting to go up.