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what is a money …
what is a money market account?
Can you please shed some light on opening a demat account for trading stocks? and how to start investing in mutual funds?
You can google ‘ …
You can google ‘online banks’ or something similar – Unfortunately, rates are a bit lower now – In the 3 percent range – I would avoid the WAMU online savings account – I had one and it was a disaster setting up, etc. – ETrade has a great online savings account – Try that.
Could you give a …
Could you give a list of online banks with high Yield savings besides Ing Direct?
Yes you are right – …
Yes you are right – I will be making a video on other options.
I agree with you. I …
I agree with you. I also save most of my money in an online bank.
With the Federal …
With the Federal Reserve aggressively cutting short term interst rates, savings account interest rates will continue to go down for all banks. As those rates drops, stashing cash in savings accounts for long-term savings seems to make less sense.
Yes, that is …
Yes, that is another great online option – More and more of these online savings accounts are popping up, which is great for us consumers.
EmigrantDirect is …
EmigrantDirect is another great online bank.
Yes, you are right …
Yes, you are right – The HSBC account you are describing above IS FDIC insured, because it is a savings account, not a money market account.
That has crossed my …
That has crossed my mind already, which is why I was pondering the possibility of using HSBCdirect online High-Yield savings. If I’m correct, that should offer a similar interest rate WITH the FDIC insurance.
I think it’s a …
I think it’s a great idea – I definitely recommend investing with it if you are a fan of PayPal – The rate is great and it’s a reputable company – Just be aware it is not FDIC insured.
What is your …
What is your opinion of keeping money on PAYPAL’s MoneyMarket, currently @ 4.64% ?