1/3 PayPal yield is 5.2% which is better than my saving and checking.
Is there any reason why I should not put some of my money in it?
\_ Yeah, when they go out of business like every other <DEAD>dot.com<DEAD> your
money will be locked up and you may never get it back!
\_ or when someone gets your account info and steals all your
money and paypal tells you tough luck.
\_ My credit union pays 5.5% now
\_ for what? the only things my credit union pays that much for
are CDs over 12 months and such.
\_ for mm checking? the only things my credit union pays that
much for are CDs over 12 months and such. mm checking is
only at 3.1... what's your credit union?
\_ <DEAD>broccoli.caltech.edu/~cefcu<DEAD> --not original poster
\_ What's "mm"? Mine has no penalty for w/draws. no ATM.
No minimum. Just a simple CU savings account. --orig responder
\_ mm stands for money market.
\_ My Wells Fargo MMA, which I can xfer money into and out of w/out
penalty and use at an ATM pays 5.86%
\_ Wells started charging like $15/month on this account
though
\_ Only if you keep less than $5k in it.
\_ It's $10K now. But, yeah, the rate is like
5.8% with check writing privs.
\_ Oh. Didn't know they changed it. Wasn't paying
anything. Anyway, you need to compute the cost
of the mothly charge for being under the min.
vs. rates available elsewhere.
\_ I just saw an ETrade ATM machine at an arcade near me.
\_ Since playing the market is little different than space
invaders. No matter how good you are they'll get you
eventually.
\_ http://virtualbank.com has 6.25% on checking + free online bill pay +
ATM reimbursements. |