Tracking Mutual Fund Interest Rates

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When tracking interest rates on mutual funds, the best bet is to contact a financial planner to gain access to indexes and different mutual funds. Use a financial planner to figure out what mutual funds are paying with help from a financial specialist in this free video on interest rates and loans.

Part of the Video Series: Interest Rates
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Video Transcript

Hi, this is Matt McKillen. I'm with Innovative Financial Group. The question posed to me today was, How do you track different mutual funds interest rates? Probably your best bet is to contact your financial planner, whether it's a big firm or it's a an individual planner, they're going to have access to all the different indexes and the different mutual funds that are available and what types of terms of repayment there are. Some people invest in, you know lower risk funds which actually will give you probably a lower rate of return whereas the higher risk funds would give you a higher rate of return. So it's a little bit of gambling on that. I myself am more of a conservative guy and I generally go for the safest investment. But usually your financial planner is your best step as far as who to contact to figure out what mutual funds are paying, what interest rate and which one would be the best vehicle for you to put your investment dollars in. Also, check the paper. You'd be surprised what you could see in the business section. Again, my name is Matt Mckillen. I'm with Innovative Financial Group.

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