Money Market Deposit Accounts

Money market deposit accounts and mutual funds can be a safe location to park the money for a brief period of time. Although before you put a piece of money in to either one, be sure to appreciate: –           the difference between a money market deposit bank account and a money industry mutual fund –           … Read more

What is the Money Market?

EXACTLY WHAT IS THE MONEY MARKET? Definition – Marketplace for short-term debt investments, such as banker’s acceptances, commercial paper, repos, flexible certificates of deposit, and Treasury Bills with a maturity of one 12 months or less and frequently 30 days or much less. Money market securities happen to be generally very safe assets which return … Read more

High Yield Money Market Accounts

High Yield Money Market Accounts: What are they? A high yield money market account or a MMA is a very premium account or a savings account with high interest. It is a deposit account which is offered by most banks where the deposits are invested in various government and corporate securities. You could also check money … Read more

Best CD Rates in 2016

The most beneficial CD rates largely be based upon how long you’re prepared to have your money tangled up. As of January 2016, the average one-year CD monthly interest is 0. 27%, based on Bankrate. But rates are volatile, get current rates using the tool below. It gave me a 1-year CD using a $2, … Read more