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When it comes to money market mutual funds, what does "7 day eff yield" mean? |
still confused, if it is 5.00% is that yearly or in seven days? Think of it as the interest rate that you are getting assuming reinvestment over those 7 days but it's presented in an annual form. So, if the interest rates stayed constant for the whole year, then 7 day effective yield is what you would get over 7 days. thanks Report It |
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Like a checking account that provides slightly better yield than a straight bank account. Main disadvantage is low yield. Also, more recently, some may have been exposed to subprime loans. tba This statement is neither true nor false. As Obi Won said, it depends on your point of view. Money market funds are usually classified by the securities that they hold. They come in two basic ... Money market funds are not FDIC insured, meaning that you can lose your money. I would recommend an online savings account such as hsbcdirect.com. Your money is FDIC insured and you are guaranteed ... Yes there is an alternative: Read stories from reporters that actually do research before they print garbage. You have to call TD to change your MM choice - see the link below for alternative... If your BANK is insured by the FDIC (up to $100,000 per person, per bank), then your money is covered, regardless of what account it is in - including money market accounts. The only exception to ... 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 ...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... ... |
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