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Subject:
money market funds
Category: Business and Money Asked by: granny6x-ga List Price: $2.00 |
Posted:
25 Jul 2002 00:54 PDT
Expires: 24 Aug 2002 00:54 PDT Question ID: 44921 |
how can I find the very best money market funds? | |
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Subject:
Re: money market funds
Answered By: mwalcoff-ga on 25 Jul 2002 09:49 PDT Rated: |
Hello, Bankrate.com lists what money market accounts are available in a given city and what their rates and conditions are. It also allows you to do a nationwide search. A bank in Oklahoma offers a 3% yield. Bloomberg.com links to this service, so it must be somewhat credible.: <http://www.bankrate.com/brm/rate/mmmf_home.asp> Money-rates.com lists some MMAs by yield. The highest on the list yields 3.25%, but required a $50,000 deposit. <http://www.money-rates.com/mmarket.htm> Then there's iMoneyNet.com, which has another list of MMAs by yield. <http://www.imoneynet.com/iMoneyNet/RetailMMFs/dataLookUp?type=125&table=retailmoneyfunds> IBCData.com helps users choose an MMA based on their personal needs and wants. <http://www.ibcdata.com/mfs/index.htm> MMAs are considered very safe, although they are not insured by the federal government. Good luck. search strategy: "money market funds" <://www.google.com/search?q=%22money+market+funds%22&hl=en&lr=&ie=ISO-8859-1> |
granny6x-ga
rated this answer:
Exactly what I was looking for. I had little confidence in my search results. |
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Subject:
Re: money market funds
From: jmdurst-ga on 23 Sep 2003 19:51 PDT |
Another thing to be sure of... Money Market funds and Money Market Accounts are two different things. Money Market Funds are like having a regular old mutual fund. It's not FDIC insured, but usually you can get a better rate (except for now, b/c interest rates are SO low). Money Market Accounts are bank run and are basically like savings accounts with higher interest rates. They usually won't stack up to Funds, except for those few times during your life when the market is doing poorly. |
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