Do you have money saved in one?
2007-01-08 10:17:10 · 4 answers · asked by ugotthatright 6 in Business & Finance ➔ Personal Finance
Money Markets are a great way to save money but still have access to your cash when you need it. If you get one through your bank (not credit union), they are insured up to 100k. FDIC insured Money Market accounts are paying anywhere from 3.5% to 4.75%. If you buy one through your Mutual Fund company, it isn't insured, but the underlying securities are usually comprised of investment grade (high grade) paper. The rates of these money market funds are currently between 4.5% and 5.1%.
Either way, these are great savings tools!
2007-01-14 12:08:13 · answer #1 · answered by Corporate Banker 2 · 0⤊ 0⤋
Excellent choice!
2007-01-14 19:12:44 · answer #2 · answered by BigWashSr 7 · 0⤊ 0⤋
yes. 4.57% as of week end. Emergency account. I have at least 3 months wages in it at any time, sometimes more.
2007-01-08 12:01:10 · answer #3 · answered by Joe 2 · 0⤊ 0⤋
sure there ok i do a 40/60 spit
2007-01-08 10:31:32 · answer #4 · answered by Anonymous · 0⤊ 0⤋