Online money market accounts/ account rates for investors
doom and gloom in investing
Here at www.digitalmoneyworld we look after the interests of investors by giving them the inside scoop on online money. With so many investors nervous about the downturn and impending recession, many are stuck leaving their funds in a current or cheuqing bank account, earning little or no interest and attracting large service fees. For those lucky enough to have money they won’t touch in the next year, here’s an option to earn more interest with banks, without the risk normally attached to investing.
Are you nervous or undecided about how to manage your money, had a bad experience? Write to us and tell us your experience, share tips, or questions. Simply leave a comment
Yours in money,
Moneypenny
Disclaimer: any opinions expressed on this site should not be considered investment advice.
Heres an excerpt from http://www.ratecatcher.com/
Money Market Accounts /Money Market Rates
The average savings account at a physical bank pays a measly 0.77% APY. With an online money market account, banks can pay a much higher rate because of lower overhead. Online money market accounts are very similar to savings accounts, yet they offer very high rates and low or no minimum deposits and balances.
| Investment | Return | Risk | Minimum Balance & Fees | Online Application |
|---|---|---|---|---|
| Savings Account w/ Free Checking |
3.30% APY at WaMu (HIGHLY RECOMMENDED) |
FDIC Insured | $1 minimum balance | |
| Money Market Account | 2.75% at EmigrantDirect | FDIC Insured | No minimum balance |
http://www.buzzle.com/articles/safe-investments-money.html
Tags: , bank fees, downturn, investing, investors nervous, low risk, Money, moneymarket accounts, online money market accounts, rates, safetyRelated Stories
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