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"Investors Looking for High Yields Should Use Caution" Says BankRate.com
Jun 06 07
"Investors Looking for High Yields Should Use Caution" Says BankRate.com with yet another cautionary tale about the promise of above-market yields gone awry. (In this case, which of course wasn't a bank or money fund, a promise of 8.85%.) "Early this year, investors flocked to the three Federal Savings Web sites, drawn by higher yields and the site's similarity to scores of legitimate bank Web sites," says the article, which says early investors have gotten their money back. We'll say it again, "If it's too good to be true (much higher than the Fed funds rate, currently 5.25%), stay away!
