The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>Investing

Who has the best money market accounts?

I'm going to buy a house in 1 year and want to put about $1000 away per month. What is the best money market account or short term investment that i can deposit into every month and take what i have out for a down payment? A savings account only returns <1% , i want something better!!! Thanks!!!

Consider the Vanguard Prime Money Market Fund with a current compound yield of ~4.71% APR.
https://flagship.vanguard.com/VGApp/hnw/...

If you are in a high tax bracket you may prefer their tax exempt money market funds: https://flagship.vanguard.com/VGApp/hnw/...

Sometimes other institutions will have a higher teaser rate, but Vanguard tends to have the highest yields I've found over the long run. (Vanguard money markets are not FDIC insured, however.)

Article on teaser rates:
http://www.marketwatch.com/news/story/ba...

ING and HSBC often have rates close to Vanguard, and most of their products are FDIC insured. Bankrate.com provides links to CD's with high interest rates. You can check these at the following links:
http://home.ingdirect.com/
http://www.us.hsbc.com/1/2/3/personal/sa...
http://www.bankrate.com/

Most of them are pretty similar. Try Vanguard, T. Rowe Price or Fidelity.

Take a look at www.etrade.com & www.everbank.com

Tags
　　Small Business 　　Renting & Real Estate 　　Personal Finance 　　Investing 　　Insurance 　　Credit 　　Corporations
Related information
  • How can I buy and hold Berkshire Hathaway (Class B) shares within an ISA?

    Berkshire Hathaway Class A and Class B shares are traded on the New York Stock Exchange. The symbol for Class B shares is BRKB. As of this morning, BRKB traded at around $4,660 per share, up about ...

  • I am 22 and looking to invest...I am new to this and need help. Please!?

    What's up? The first thing you should be doing is contributing to your employer sponsored retirement plan (probably a 401 (k) plan) just enough to get the match. Then, open up a Roth IRA with ...

  • Who wil be the hero of 2008?

    The China stock market, as well as energy as commodity prices remain high and oil sees more demand from China and India, while at the same time drilling for oil gets tougher in the deepwater, harsh...

  • SIMPLE IRA Contribution Question.?

    Your employer will match up to 3% of you pretax pay per check, so if you make $100 in a week and contribute $3 your employer will also pay $3 if you pay $5 your employer would still only contribute...

  • Best exchange rate for 拢 to $?

    Current sport rate is $1.99 for each sterling or .50 sterling for each dollar. Get as close as you can to that. tba

    ...
  • What is your first clue to buy an option? What do you use as a personal trigger?

    whether or not if I already have a long position in the stock and I am only using the option as a hedge for a long. Trading in options is just gambling against professionals.

    ...
  • What is your first clue to sell an option position?

    I am assuming you are talking about selling an existing long option position that is not part of a spread. Unlike Kiker, I do not like to look at the percentage profit or loss. I like to look a...

  • What is the cost of gold?

    go to www.kitco.com. the price changes hourly but its around $825.00 an ounce.

    ...
    • 　

    Commerce Categories--Copyright/IP Policy--Contact Webmaster