How to invest up to $10 from PayPal.

India
January 10, 2011 7:03am CST
I want to invest a little money from my PayPal account to boost up my earning. I want the ideas of the experienced people who can tell me their own experience about the money investment. I have heard about the money market account but they say that the interest rate is low there. What are the other suggestions?
1 person likes this
3 responses
kiran8
@kiran8 (15348)
• Mangalore, India
10 Jan 11
Hi sanjay, I am not sure if you can open a money market account with just 10 dollars. I happen to read that some of the banks want at least 100 dollars some even 500 dollars.The interest rate offered is pathetic, sometimes as low as 1.1 % .I would suggest that instead of that you can transfer the money to your bank account after it reaches 150 dollars, so that you dont get charged by paypal for transfer of funds,and then open an FD. These days banks are paying upto 8.5% interest .all the best
kiran8
@kiran8 (15348)
• Mangalore, India
10 Jan 11
Hi life, yes I did see that article, in fact investing in bank fds is really a very attractive option now - all the best and have a nice evening
mytravelaroundglobe
@sanjay91422 (2725)
• India
10 Jan 11
@Kiran, Hi, That is a nice advise, I already have a fix deposit account but I have almost forgot about it so thanks for reminding me. I will follow your advise. Thank you. @Life, The link is really informative, thanks for share.
kiran8
@kiran8 (15348)
• Mangalore, India
10 Jan 11
You are most welcome sanjay and all the best
abhaijith
@abhaijith (2963)
• India
15 Jan 11
Friend, I had invested in a Online investment site,which gave me very good result. But they had winded up the site during the middle of 2010. Now am searching for such sites.Thank you for bringing this topic friend. HYIPs are very risky investment programs.Unfortunately All the Legit HYIPs pays only through Alertpay.
mytravelaroundglobe
@sanjay91422 (2725)
• India
16 Jan 11
Hi thanks for telling me your experience, it gives hope to me. I am searching for such programs and you too, so the one who get it first should inform the other. I don't have money in Alert pay so can't invest in HYIP. Is there any site which can transfer the money from the PayPal to Alert pay?
pratiksanghvi
@pratiksanghvi (1278)
• India
10 Jan 11
I have never heard of Investing money in our PayPal account in the site itself. That must be pretty nice. The rates must be low then too we can earn a bit amount of money and we know it our money is safe as PayPal is one of the best sites which provde safe transactions. Can you please give some more details about this to me..