On the money
A money market fund offers a good alternative to standard low-interest-paying savings accounts. But money market accounts usually come with specific strings attached related to balance minimums and account withdrawals.
If you’d like to learn more about money market accounts or compare interest rates, one of these sites may prove useful:
- Bankrate.com
www.bankrate.com/brm/rate/mmmf–home.asp
Internet users can search for best money market rates by location and account size.
- Kiplinger.com
www.kiplinger.com/basics/managing/cash/wp–saving.html
It has a feature article loaded with information on different saving options.
- imoneynet
www.imoneynet.com/iMoneyNet/RetailMMFs/
The site provides an array of information on retail money market accounts and rates.
- Money-rates.com
www.money-rates.com/mmarket.htm
The site offers a list of select money market account rates.