Investing Cash for the Most Return
January 2008
Stations, the following is
a news announcement. Suggested lead in 3, 2, 1…
(INTRO)
Recent stock market volatility
has many Americans wondering whether to move cash into
the stock market or hide it under their mattress. While
stuffing cash into your mattress may sometimes feel
like the best route, people can realize financial gains
if they make informed decisions.
Jarrett Lilien, president
of E*TRADE FINANCIAL, says consumers should do their
homework about where to park their cash.
(LILIEN)
THE AVERAGE CHECKING AND SAVINGS
ACCOUNTS YIELD LESS THAN A THIRD AND A HALF PERCENT
RESPECTIVELY. BIG BANKS HAVE LONG TAKEN ADVANTAGE OF
AMERICANS' INERTIA WITH THEIR IDLE CASH. PEOPLE SHOULD
LOOK AT CASH - TRANSACTIONAL OR SAVINGS - AS THEY WOULD
ANY OTHER INVESTMENT, WITH AN EYE TOWARD GROWTH. OUR
HIGH YIELD SAVINGS ACCOUNT OFFERS EIGHT TIMES THE NATIONAL
AVERAGE, OR AN ADDITIONAL $225 A YEAR ON A $5,000 BALANCE.
AS FOR CHECKING, CONSUMERS SHOULD KNOW THERE ARE ACCOUNTS
THAT REALIZE EIGHTEEN TIMES THE NATIONAL AVERAGE AND
PROVIDE AUTOMATIC ATM FEE REFUNDS NATIONWIDE.
(CLOSE)
For more information, visit
www.etrade.com.
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