The best money market savings accounts are those that will be able to provide you with great interest rates, excellent customer service, minimal or no fees, and are backed by the FDIC. The reason to consider shopping online for savings accounts is to ensure that you are getting the best savings account rates possible. Traditional savings accounts are not going to provide you with higher interest rates that you will be able to get from a money market account. The best money market savings … [Read more...]
Money Market Accounts Highest Rates
Money always seems to be on our mind. Either we are thinking about it because we don't have enough or because we are wondering the most effective way into invest our money. Investing in an account with the highest money market interest rates is one way to invest your money and allow you to stop worrying about it. Money Market Accounts Most banks across America offer some type of a money market account. These accounts are set up as an account to help you save money. Money market accounts … [Read more...]
The Pros And Cons To Money Market Accounts
A money market account allows you to deposit money and earn a higher interest rate than you would if you invested money into a traditional savings account. Money market accounts are commonly considered short-term investment options and great places to store emergency cash. In order to use a money market account correctly you will need to agree to the terms and conditions which may include details pertaining to a minimum monthly balance amount and only having 6 or less withdrawals per month. … [Read more...]
Proper Management of Credit Cards
Credit cards are necessary to help you establish credit so you can get future loans like car loans and mortgages. However, the problem with credit cards is that you can cause a lot of financial damage to yourself if you are not careful with credit cards and you do not learn how to properly manage them. Instant Gratification The problem with credit cards is that they send out the wrong message as they sell people on “buy now, pay later.” You have to be careful with credit cards as the interest … [Read more...]
Is Your Money Market Account Safe?
Investing is a great way to have money set aside for retirement and a money market account is a great way to earn some extra interest money on your emergency cash fund. Like any investment you need to consider the security of your investment. Is your investment in a money market account safe? The simple answer is YES. Typically money invested into money market accounts will be safe and protected as most of the companies offering them are backed by the FDIC. However money invested into a money … [Read more...]
