MONEY MARKET INTEREST COMPOUNDS DAILY
Posted by on Oct 21, 2009 in Compound interest, Money Market Rates
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Most money market interest rates compound daily and this is one of the best advantages of using a money market account. One of the things you want to get with any type of savings is interest that compounds. Compounding interest is interest you earn on interest that has already been paid to you. For example, if you [...]
WHERE TO FIND HIGH YIELD MONEY MARKET ACCOUNTS
Posted by on Feb 28, 2009 in Money Market Rates
If you are looking for the best money market interest rates and expect to find ones with a high yield in 2009, you are in for an unpleasant surprise. Right now money market rates pay next to nothing and that is unlikely to change any time in the near future. The higher your balance, the more [...]
