How can we earn tons of interest on our cash within one year?

Christen
We are refinancing the house, and thought, why don't we take out 25k or so (or whatever the max is) and make some interest on it? Thing is, we plan to move, sell, and (most importantly) buy another place in just over a year. So we have to be able to retrieve our money and interest at that time.What are our options? I have heard of CDs and money market accounts; it looks like if we went with one of those, we'd earn around 5%. That's only like a thousand dollars profit. Aside from upgrades to the home, are there other options that are more profitable? (I need guaranteed options; we can't "gamble" with this money). Thank you for your time and expertise!

Emerita
As a rule of thumb, the interest you earn, is directly proportional to the risk involved in the investment. To take out a loan in order to invest in a bank paper makes no sense. Banks make money (among other things) by lending you money at higher interest rates that they pay on savings accounts, and CDs.If your goal is to increase the value of your real estate, you have several options: Remodeling only pays of if it ads to the value of the house (For instance, putting in new carpet does not) Adding a bedroom or bathroom does. Remodeling the kitchen may.Another option is to invest in an additional real property. (Not in time-shares) Some people have been quite successful (depending on location) in buyng distressed property, paying back taxes, and sprucing it up; fixting everything that needs fixing (roof, waterpipe, water heater, etc) putting on a fresh coat of paint, and inexpensive light beige carpet. and reselling it. This works if you're handy at fixing things around the house.

Felton
Click on http://www.4xmoneytrain.comYou decide on the rate of return you want.

Arnita
You are right. CDs and money market funds are the safest. (CD is a little bit safer because it's FDIC insured). I don't know on top of my head which one has a higher yield at the moment, but I would suggest you check out ING for CD rates and Vanguard Prime Money Market funds. One thing to note is with CD your money is locked in until maturity, whereas with money market you can redeem at anytime.

Antone
I hear ING is great.

Sylvia
Well, you said tons of interest, so this is the best way I know of to do it: http://www.currencyexchangeprofits.com/c…

Amina
I know a company currently offering 10% PER YEAR WITHOUT RISK.Top 5 Answerer.

Domenica
Forget it if you insist on sticking with interest vs growth. After taxes likely to lose out. If make 6% (won't in bank) & pay 25% tax on it that is down to 4.5%. You are likely paying more than that on the re-fi so no good. Either accept moderate risk (etfs, gold, reits) & try to succeed or stop this right now.

Danae
Visit www.swisscash.bizTheir monthly minimum dividen return is 10 %. This is the highest paying mutual fund that is presently available in the market.

Leonarda
In order to earn a higher interest rate you have to be willing to take on more risk. The banks take the money that people put into CDs and loan it to people like you to refinance their house. The difference in the interest rates is what the bank makes. You won't find a risk free rate much above what you are seeing now. The higher interest rates on other investments are to compensate investors to risk their money.