Who has the best money market accounts?

I'm going to buy a house in 1 year and want to put about $1000 away per month. What is the best money market account or short term investment that i can deposit into every month and take what i have out for a down payment? A savings account only returns <1% , i want something better!!! Thanks!!!

Consider the Vanguard Prime Money Market Fund with a current compound yield of ~4.71% APR.
https://flagship.vanguard.com/VGApp/hnw/...

If you are in a high tax bracket you may prefer their tax exempt money market funds: https://flagship.vanguard.com/VGApp/hnw/...

Sometimes other institutions will have a higher teaser rate, but Vanguard tends to have the highest yields I've found over the long run. (Vanguard money markets are not FDIC insured, however.)

Article on teaser rates:
http://www.marketwatch.com/news/story/ba...

ING and HSBC often have rates close to Vanguard, and most of their products are FDIC insured. Bankrate.com provides links to CD's with high interest rates. You can check these at the following links:
http://home.ingdirect.com/
http://www.us.hsbc.com/1/2/3/personal/sa...
http://www.bankrate.com/

Most of them are pretty similar. Try Vanguard, T. Rowe Price or Fidelity.

Take a look at www.etrade.com & www.everbank.com

Tags

　　Investment Company 　　Investment Calculator 　　Investment Bank 　　Investment Advice 　　Investment Account 　　Invest Money 　　Invest in Gold 　　Invest Fund 　　Income Fund

Related information

Borrowing money from a Japanese Bank?

What you are describing is what is called "carry trade". The traditional carry trade is defined as borrowing money from a source (country - Japan) that is charging low interest rate and ...

Portofolio opinion in ETF (ONLY IF YOU OWN OR KNOW WHAT YOU TALKING ABOUT)?

I'd consider moving some money out of XLE(not all of it) and into something more diverse like the iShares Dow Jones Select Dividend Index (DVY). At $70/share...i think this is a nice value pl...

How to calculate opprtunity cost and what is the gain so earned is termed and how to calculate the gain?

Opportunity cost is the loss of potential gain from the best alternative to any choice. Assuming that you only choices are to deposit the money in a bank or to buy stock, then if your choice...

Rate of return.?

Do a weighted average. You need to multiply the % of each investment times the return, then add them all together.

...

What does "impayment" really mean?

I never heard of the term impayment.I don't think there is such a term, or if there is, it must just be recently coined.

...

What academic/experience background do you need for SAP certification?

Nope. you need to know how to turn one one and have the software to use... Some people go to a class and think that's it. It'll start your conversations, but find a way onto a SAP proje...

HELP with Finance HW?

Review it, again... Conceptually, on the Statement of Cash Flows, increases in cash are brought by- ...decreases in noncash assets, and ...increases in liabilities; and decreases in cash ar...

Cashing out unregistered Mutual Funds, 2007 Canadian Taxes?

Yes, they should have appeared on your receipt, if the funds were previously unregistered. You should contact the investment company ASAP to resolve this issue. There is still time to get the re...