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Feb 12th, 2024
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 Money Market Account
#8978072
12/25/23 05:37 PM
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Joined: Jul 2019
Posts: 2,353
rolyat.nosaj
OP
Veteran Tracker
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OP
Veteran Tracker
Joined: Jul 2019
Posts: 2,353 |
Does anyone have suggestions for which money market account to open based on experience? Thanks and Merry Christmas
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Re: Money Market Account
[Re: rolyat.nosaj]
#8978090
12/25/23 05:58 PM
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Joined: Nov 2009
Posts: 204
cantcatch5
Woodsman
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Woodsman
Joined: Nov 2009
Posts: 204 |
I have been using high yield intrest accounts at Marcus Bank which is part of Goldman Sachs. Easy app to use, easy to move money to/from my other accounts. Current intrest rate is 4.5% 12 month CD’s with them are 5.5%
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Re: Money Market Account
[Re: rolyat.nosaj]
#8978108
12/25/23 06:32 PM
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Joined: Sep 2004
Posts: 12,430
RedRanger
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 12,430 |
Capital One seems to be the easiest one online to set up, and to renew it online is very simple
5.30% on a 14 month CD
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Re: Money Market Account
[Re: rolyat.nosaj]
#8978110
12/25/23 06:34 PM
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Joined: Sep 2004
Posts: 12,430
RedRanger
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 12,430 |
In my area right now Land OZK bank is offering 5.60% on a 13 month CD.
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Re: Money Market Account
[Re: rolyat.nosaj]
#8978118
12/25/23 07:01 PM
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Joined: Nov 2017
Posts: 19,339
Biscuit
THF Celebrity
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THF Celebrity
Joined: Nov 2017
Posts: 19,339 |
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Re: Money Market Account
[Re: rolyat.nosaj]
#8978204
12/25/23 10:21 PM
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Joined: Oct 2017
Posts: 5,981
angus1956
THF Trophy Hunter
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THF Trophy Hunter
Joined: Oct 2017
Posts: 5,981 |
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Re: Money Market Account
[Re: RedRanger]
#8978350
12/26/23 12:22 PM
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Joined: Oct 2008
Posts: 15,203
Tbar
THF Celebrity
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THF Celebrity
Joined: Oct 2008
Posts: 15,203 |
Can you trade in and out of it at a moments notice?
Make America Great Again
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Re: Money Market Account
[Re: rolyat.nosaj]
#8978370
12/26/23 02:18 PM
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Joined: Jul 2013
Posts: 6,069
tlk
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jul 2013
Posts: 6,069 |
If you are looking to park some money for a longer term and lock in a guaranteed rate for longer term check out a multi year fixed annuity. You can lock in a rate for anywhere between 3 and 10 years (most common is 5 years). No fees, can withdraw up to 10% each year with no penalty, all earnings are tax deferred until withdrawn. These are available with insurance companies and some are paying 6% plus. I do not sell or offer these products. Just showing another possible option if you want to lock in some good rates for longer periods of time. https://www.annuityadvantage.com/an...i-year-guaranteed-annuity-rates-summary/
You can't fix stupid
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Re: Money Market Account
[Re: Tbar]
#8978391
12/26/23 02:54 PM
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Joined: Sep 2004
Posts: 12,430
RedRanger
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 12,430 |
Can you trade in and out of it at a moments notice? Yes, takes one day to convert to cash
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