How do i go about putting some money in a government bond for about 6 months. Do i talk to my bank, i use Bank of America btw, also what are the interest rates on government bonds? Is there a better idea to invest my money in, other than the stock market, I want to do my research before i start thinking about exploring the market
Im guessing a money market would be better than a bond.....with the market so crappy right now, a fixed interest rate would suck.....but if its only for 6 months, thats no biggy.....if its a 1 or 2 year CD or something then a variable rate would be the best way because the market may get better in a year or so and you dont wanna be fixed on a 2% interest rate.....when the % could go up to 4 in the future.....it all depends on how much your putting into it, and yes.....go to your bank, sometimes they will have deals, and specials for investments....i dunno how good bank of americas rates are, compare them to other banks, wachovia and what not.....see what fits you best! There are Financial Specialist in all branches that can answer these questions alot better...Hope that helps a little bro! Edit-- Just note most banks you will need to have a checking account to get a investment product....probably free checking, but its a way for them to open another checking account in the process
I wouldn't get any government bonds right now... rates are so low it just wouldn't be worth your while. if you have to get a government bond, get an I Savings Bond... they have some of the higher rates and are not 30-year deals.... http://www.savingsbonds.gov/indiv/products/prod_ibonds_glance.htm But honestly, you could just go money market, get about 1% less in return but maintain liquidity of your cash.
