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Money Market

JeffG3209 said: "I have 11k to put somewhere safe. Money Market looks great. Anyone know the best deal out there right now? Should I be cautious with any money market accounts? Thanks, I can always rely on Superior investor!"

AlfredSokol said: "I take it you want check writing privileges?"

JeffG3209 said: "Not at all. Not to be touched for ~16 months. Adding minimum 5K month"

StockMan69 said: "[QUOTE=JeffG3209;66800]Not at all. Not to be touched for ~16 months. Adding minimum 5K month[/QUOTE] You can always do a "CD Ladder". I would just roll over 3 month CDs myself."

Aligator said: "[QUOTE=JeffG3209;66642]I have 11k to put somewhere safe. Money Market looks great. Anyone know the best deal out there right now? Should I be cautious with any money market accounts? Thanks, I can always rely on Superior investor![/QUOTE] Jeff, we keep ours at Countrywide Bank. It's FDIC insured and is linked to our checking account. We add to it monthly, just like you. Pays 4.05%.........not much, but it's [U]safe[/U]! [URL="http://my.countrywide.com/Default.aspx"]http://my.countrywide.com/Default.aspx[/URL]"

rocko said: "[QUOTE=JeffG3209;66642]I have 11k to put somewhere safe. Money Market looks great. Anyone know the best deal out there right now? Should I be cautious with any money market accounts? Thanks, I can always rely on Superior investor![/QUOTE] The credit markets are going through some tough times, even Bernanke admits to failures of US banks in the near future. You gotta be very careful with money markets this moment, i.e. whoever you buy the debt instruments off, you gotta keep an eye on their stock prices and fundamentals closely. At the same time, the returns gotta beat the bank and inflation rates to be worth your time."

AlfredSokol said: "These banks won't fail if they keep getting bailed out. Even WaMU just raised another $5 billion."