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How does the risk of a money market mutual fund compare with that of a savings account?
The risk of a money market mutual fund is similar to that of a savings account. Both are low-risk, slow-growth savings vehicles. Money market funds are viewed as a cash equivalent, similar to a savings account.
Is a money market account an asset of high liquidtiy?
Simple answer yes. you have access to your funds daily and no market risk
Is it better to have multiple money market accounts or just one?
Money market accounts are low risk accounts. It gives just a little more return on your money than a savings account but usually requires a larger amount of money to be left in the account. Usually you only need one money market account unless you are putting an extremely large amount of money in, over $250,000.
What is the definition of a money market fund?
A money market fund, is like a savings account, but it pays a little more in interest. It's tied to the stock market, but with less risk, and you're able to get about a point more in interest.
What is the current risk of money market assets to individuals?
What is the current risk to individuals with fund in money market funds ?
How are money market savings accounts different from regular savings accounts?
A money market savings account is a special kind of savings account. Money market account holders receive more money on their return. Money markets are secure.
What is a money market saving?
"Money Market" units are securities which can only ever appreciate in quantity (their value is always exactly $1 per unit). So holding money market units (I forget the precise term, sorry) is like putting money in a savings account, although generally money market accounts grow faster. Right now, yields are pretty abysmal, though.
What is a type of savings account?
money market account
How do I open a money market account over the Internet?
You can open a money market account over the Internet at https://www.zionsbank.com/isavings_info.jsp - . Another good place to opne an account is www.bankofinternet.com/money-market-savings.aspx
What are money market accounts?
Money market account is an account that deal with financial matters in the money markets. Money market account usually requires a higher minimum balance or higher rate of interest in order for one to earn interest on the deposit money.
How does the risk involved in a money market mutual fund compare with the risk of a certificate of deposit?
The risk of the money market mutual fund is slightly greater than that of the CD
How does the risk involved in a money market mutual fund compare with the risk of certificate of deposit?
The risk of the money market mutual fund is slightly greater than that of the CD
