Question on Money Market account ?

samhill said: "My local Credit Union is offering 6% on Money Market accounts over 100k. Is this a good deal ? I don't want to put all my eggs in the Stock Market. I figured it best to split some money 50/50 between secure and unsecure investments. I know MM accounts move up & down but is there a better secure investment for 100k ??"

thezster said: "CD's are about as safe as you can get... 6% in today's uncertain environment, unless you're a very frequent trader (and good at what you do) , can be nirvana"

LongArm said: "[QUOTE=samhill]My local Credit Union is offering 6% on Money Market accounts over 100k. Is this a good deal ?[/quote] Yep. That's a very good deal."

Corey said: "[URL="http://home.ingdirect.com/"]ING Direct[/URL] 12 month CD is at 5.35%...so 6% is damn good!"

Aligator said: "[QUOTE=samhill]My local Credit Union is offering 6% on Money Market accounts over 100k. Is this a good deal ? I don't want to put all my eggs in the Stock Market. I figured it best to split some money 50/50 between secure and unsecure investments. I know MM accounts move up & down but is there a better secure investment for 100k ??[/QUOTE] Countrywide Bank pays us 5.25% on a FDIC insured account...It is then linked to our checking accounts. I don't think you credit union is FDIC insured; but maybe it is. [url]https://bank.countrywide.com/default.aspx[/url]"