The current economic crisis is one of the worst in history. While recent recessions didn’t have a major effect on the average person, this crisis has touched just about everyone. Banks have failed, jobs have been cut, homes have been lost, retirement funds have been decimated, and it has become more difficult to borrow money.
There have even been questions about the reliability of treasury bonds, and that was previously unheard of. So what’s next – could the savings in your money market account be at risk? All in all, money market accounts are very safe places to keep your... Articles Tagged ‘money market account’
How Does the Current Economic Crisis Affect Your Money Market Account?
The current economic crisis is one of the worst in history. While recent recessions didn’t have a major effect on the average person, this crisis has touched just about everyone. Banks have failed, jobs have been cut, homes have been lost, retirement funds have been decimated, and it has become more difficult to borrow money.
There have even been questions about the reliability of treasury bonds, and that was previously unheard of. So what’s next – could the savings in your money market account be at risk? All in all, money market accounts are very safe places to keep your...
Monday, August 29th, 2011
The current economic crisis is one of the worst in history. While recent recessions didn’t have a major effect on the average person, this crisis has touched just about everyone. Banks have failed, jobs have been cut, homes have been lost, retirement funds have been decimated, and it has become more difficult to borrow money.
There have even been questions about the reliability of treasury bonds, and that was previously unheard of. So what’s next – could the savings in your money market account be at risk? All in all, money market accounts are very safe places to keep your... How to Compare Money Market Accounts
Setting up a savings account is an important step in securing your financial future. It allows your money to earn interest, yet allows you easy access to it in the event of an emergency. But most basic savings accounts offer low interest rates compared to those of CDs and other accounts that provide limited access to your money.
One way you can keep your money available while earning higher interest is by putting it into a money market account. Money market accounts let you withdraw your money when you need it, yet pay higher interest than your average savings account....
Tuesday, August 23rd, 2011
Setting up a savings account is an important step in securing your financial future. It allows your money to earn interest, yet allows you easy access to it in the event of an emergency. But most basic savings accounts offer low interest rates compared to those of CDs and other accounts that provide limited access to your money.
One way you can keep your money available while earning higher interest is by putting it into a money market account. Money market accounts let you withdraw your money when you need it, yet pay higher interest than your average savings account.... What is a Bank Money Market Account?
A bank Money Market Account, or “MMA” for short, is a special kind of savings account that allows you to get higher interest rate by reducing the liquidity of your cash. The account is a great way to increase the return on your capital while still having your savings protected by FDIC insurance.
In exchange for a higher interest rate, your account will be subject to a number of limitations that are not applicable to more traditional savings accounts. Some of these limitations may be significant to you, depending on your personal financial situation and savings needs.
The key is...
Friday, February 11th, 2011
A bank Money Market Account, or “MMA” for short, is a special kind of savings account that allows you to get higher interest rate by reducing the liquidity of your cash. The account is a great way to increase the return on your capital while still having your savings protected by FDIC insurance.
In exchange for a higher interest rate, your account will be subject to a number of limitations that are not applicable to more traditional savings accounts. Some of these limitations may be significant to you, depending on your personal financial situation and savings needs.
The key is... 
Loading ...
