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Savings Account Alternative? GE Interest Plus Corporate Notes

Tuesday, June 1, 2010 - 7:11 PM
GE Interest Plus Corporate Notes continue to offer very competitive yields, especially for balances over $50K. This account is not FDIC insured. BestCashCow has a review of GE Interest Plus and its safety.
2
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Wednesday, June 2, 2010 - 9:06 AM
Remmember--  you have to invest 50k to get the good rate, and it's at risk even though you are getting just a tad more than you can get in a good insured account like Alliant CU -- about $100 a year, pre tax, on 50k.   Doesn't seem to be worth it.  Companies with relatively high credit ratings have indeed failed, and remember that even if you get your money out before bankruptcy is declared, under some circumstances there can be a 'clawback.'  [I don't know if that would apply to individual investors or not.]
4
AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,923
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