In order to not only preserve wealth, but grow it, consumers need to turn to some risk-based investments.
El Segundo, CA (PRWEB) March 13, 2013
Tomorrow is National Pi Day 2013, a day designated by the U.S. House of Representatives in order to bring attention to improving math and science education, according to a CNET article. Because understanding basic math concepts is an integral part of personal finance, GoBankingRates.com is observing National Pi Day 2013 by explaining how consumers can grow their money by at least 3.14% – the digits of pi.
Even the best savings rates today don't come close to 3.14%, which means depositors interested in seeing significant gains on their money must turn to investments that involve some level of market risk. GoBankingRates details several options savers have for making investments that can break the three-percent mark in earnings, ranking them from least to most risky.
"Unfortunately, the savings interest rate environment is less than competitive right now," states GoBankingRates managing editor, Casey Bond.
"That means in order to not only preserve wealth, but grow it, consumers need to turn to some risk-based investments," she explains, adding, "National Pi Day serves as a great day to bring attention to that fact."
For questions about this report or to schedule an interview with a GoBankingRates editor, please use the contact information below.
GoBankingRates.com is a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. GoBankingRates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide comprehensive and authentic local interest rate information.
Jaime Catmull, Director of Public Relations
Source: CNET, National Pi Day? Congress makes it official.
Photo: OrangeSparrow via Flickr Creative Commons