Certificate Account vs Money Markets? Which is better for money access on short notice and interest rate?

Answer 1

Certificate Account should have better interest rates, and money markets should have better liquidity (access to funds on short notice). Youmight want to check out ingdirect.com. Their deposit account pays interest higher than some CDs, but preserves liquidity.

Answer 2

Money Markets typically would be better.
The two keys you're looking to answer require you to be on top of your research: 1) Which competitor is outbidding the other. -- sometimes Certificate accounts offer a little more than MMs. 2) What are the Fees, minimums, etc --the efforts you require to access your dough in a quick fashion.

Example, Benchmark = Fidelity Investments Money Market -- has check writting and minimum balances. w/competitive interest rate. ...but you'd probably need to wait for your dough to deposit and settle at a bank before you have it...so a few days minimum.

If you were to use ING or Bank of America Money Market account..you'd maybe save a day or two ...but the interest rate or fees may challenge you.

My solution: Keep it in the highest paying, lowest fee..and plan your access ~readily available access to your dough.

Answer 3

At terrific any playing equipment can paintings in the quick term basically. offering you with exellent suggestion approximately which shares to via which will pay off adequate so which you're able to be wealthy seems stupid to me. If I had the secret and knew whilst shares would circulate up and down, do you heavily have faith i'd share it. i'd sit down at my computing device and thankfully become a trillionaire. one and all else is basically merchandising you a concept which they have found out doesnt paintings so shall we detect somebody else to pay for it. Now there are some persons who diligently seek for practise and talents and would get a income in the long term. look at the those that MAKE great income the marketplace WHAT DO THEY DO?? maximum are salesman in one type or yet another they sell you the thought they could make funds for you and make a commision on you funds via procuring or merchandising or dealing with you cash. The excetions are there yet they're few and lots between. The restr serve the Greed of Human Nature. purchase a Porfiolio of low fee , PASSIVELY controlled, varied, Index Mutual money. save save save. In a existence you will end with tens of millions. the path is long and laborious. he option is seek for the silver chalice or pot of gold on the top of the rainbow. It Ain't taking place sir. you will basically serve the economic Pornography marketplace. extra acceptable have faith the guy who cares which you're effective. YOU no longer the respond you predicted. in case you do no longer like it basically Delete. good success Gerry