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Safety of Ford Interest Advantage Account?

Saturday, January 30, 2010 - 12:36 PM
For those wondering if it's worth the risk to invest in the Ford Interest Advantage, this article by Bankrate's Dr. Don is informative. This account can be tempting for those in need of higher yields. The Ford account is currently yielding 2.53% for balances over $50K.

There's no easy answer, but Dr. Don does note some important issues to consider. Similar issues should be considered if you're looking into investing in GE Interest Plus Corporate Notes (see my short review of GE Interest Plus).

It's important to note these accounts are NOT FDIC insured.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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