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In today's market which makes better sense ,money market accounts or money market funds accounts.? |
In today's market which makes better sense ,money market accounts or money market funds accounts.? A money market account is normally through a bank and is FDIC insured. A money market fund is normally through a mutual fund or brokerage house and is not FDIC insured. It is still quite safe and will pay a bit more interest. There is increased risk, though small. |
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nothing is ever zero risk! first you must understand what is meant by risk. if you keep you life savings in a bank safe deposit box, it will be very safe from principal loss, but if inflation... Value of the money fund at the start of business today. This value is prior day's closing balance plus any subsequent sweep transactions applied to the balance by Pershing's ACAM system d... The question isn't very clear, but I will do my best to answer. There is no such thing as a money market fund in foreign currencies, unless you actually open a foreign money market account ie:... No, ETrade does not offer any MMMF's. They have a variety of cash sweep accounts (by JPMorgan Chase), and a high yielding money market account (Complete Savings) in their banking unit. Their... Financial institutes make money from money markets by keeping your money as long as they can. They limit you to how many times you can withdraw per month and charge you a fee if you go over. ... 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 yea... 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 ... |
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