With so many options available, it sometimes can be hard to find a place to stash your available cash. If the idea of opening another bank account does not interest you, than GE Interest Plus Corporate Notes may be an option worth paying attention to. The GE Interest Plus Corporate Notes are a direct investment in General Electric Capital Corporation and are designed to pay higher rates than the average taxable money market mutual fund. Plus, three interest rates tiers are offered – so the more you invest, the more you can earn.
GE Interest Plus Details:
- The account invests in corporate notes of GE (with a AAA-rating), so it is not FDIC insured.
- The current interest rate is 2.32% on $50,000+.
- The minimum investment is $500 (or $250 if you sign up for automatic investments).
Accessing your money is very easy, all you need to do is write a check or link your checking account to make transfers. It is important to point out that if you choose to use GE Interest Plus checks, a $250 minimum is required. Money wired to your linked checking account requires a $2,500 minimum and there is a $15 fee for each wire.
For more information read the prospectus or the FAQ.
$25 New Account Bonus:
Here is the application. You can find the $25 bonus mentioned here.
