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PayPal Money Market Question? |
I am curious if anyone else has a money market fund account through PayPal. I read that any money left in the account will be "swept" into the fund at the end of every business day. Transferring PayPal money into my business account takes 3-4 days to process, so if I transfer my daily balance into my bank...and it takes 3-4 days to process...will PayPal take those funds & "sweep" them into the fund before it gets to my bank? it doesn't sweep anything - just having a balance in your paypal acct, you earn interest, I would imagine until you see the transfer transaction say complete |
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A savings account is with a bank, and is insured by the FDIC. A money market fund is a mutual fund that buys very short term debt securities in the markets. Technically, you can lose money in a m... Its an investment account at you can draw from like a checking account... ...Check out Bank Rate www.bankrate.com ...There may be no difference. However, a money market fund typically invests in fixed income securities like government bonds, mortgages, CDs, and corporate bonds in this country. An internatioal fun... If you don't have a good idea of where the market is going, then sitting on the sidelines is a good answer. I prefer to see a market direction to invest in. Capitol preservation is key. N... 20 to 40, 20 to 40 or..........20 to 40 to 80 to 160 to 320. keep it in there and it will compound. ...money market- are the short term fixed income securities, which is: Treasury bills, that is very liquid, they are trading in big denominations, its zero-coupon bonds. Money market Fund means that ... Money market funds can have some losses too. Because these funds invest in various AAA securities and other financial insitutions, both of which are turning out to be a lot less secure than the ra... |
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