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How to Choose a Money Market Account
If you've decided to use a money market account to benefit from higher interest rates and to avoid the risks associated with other investments, your next decision is deciding which money market account to open Money market accounts are just like savings accounts in that the money you deposit is insured by the Federal Deposit Insurance Corporation (FDIC), so even if the bank holding your money goes bankrupt ý the government guarantees you will not lose your money
How to Open a Money Market Account
If you're ready to take advantage of an FDIC insured option with above average interest rates to save your money, you'll want to take a look at how to open a money market account These deposit accounts are part savings and part checking account - in that you are allowed to withdraw money by writing a limited number of checks each month
Standard & Poor's Affirms LOM Money Market Fund Rating
Standard & Poor's has affirmed the AAAm rating on the LOM Money Market Fund Class A, a class of LOM Asset Management's flagship Money Market Fund. The class has been rated AAAm by Standard and Poor's since March, 2001.
Money Doesn't Grow on Trees But You Can Make Money Grow Faster With Money Market Accounts
The golden rule for personal finance is to pay yourself first The sooner you get money into an investment or savings; the more opportunity that money has to compound and grow over time
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