Money markets pay next to nothing and even less after inflation. Here are some less well-known places to stash some cash for a positive real return, albeit...
If bond yields rise, will rates on certificates of deposit move up as well? This question from a reader sounded almost plaintive. Not quite like Oliver Twist asking for more, but not too different given the thin gruel savers must settle for these days.
To find a return that keeps pace or exceeds inflation means looking beyond familiar CDs or money funds. And with one exception, none offers the backing by Uncle Sam, as federally insured deposits would. To earn more requires taking risks, which is what the Fed is forcing savers to do by making interest rates negative in real terms.
These notes have minimum initial investments of $1,000, except for GM, which requires only $500 to start. In addition, Mercedes-Benz offers its own upscale version for “qualified investors,” the type that can get into hedge funds, with incomes of at least $200,000 and an investible net worth of over $1 million. For us hoi polloi, Amerco’s U-Haul unit offers two-year notes collateralized by its dollies, which colleague Andrew Bary described last year.
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