Menu

Home › Forums › Housing › High interest fixed rate money market

Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • June 13, 2006 at 4:42 PM #6716
    EJ
    Participant

    Hello, let me start by saying thanks to everyone for the wealth of information available on this site. I have been reading the articles and forums for a few months. Rich, I saw you speak at an MIT alumni meeting in hotel circle at the end of last year. You solidified my feeling that it was a bad time to buy a home, thanks. Now that I finally registered I will try to contribute to the forums with my limited knowledge of the RE market and what I see in my neighborhood (Cardiff).

    I know I saw a couple posts a while back mentioning money market accounts with 4.75% APR. I went digging through the forums but couldn’t find them (Powayseller, I think you may have made the recommendation). I sold all my stocks and mutual funds a couple weeks ago and need to move the money from my checking account.

    Thanks for your help.

    -Eric

    June 13, 2006 at 4:53 PM #26742
    powayseller
    Participant

    Are you military? hs had a good lead for military.

    Otherwise, try bankrate.com.

    World Savings in Rancho Bernardo has a 5.01% APY CD, 4 months, for walk-in clients. After the Fed raises their rates, I’m sure it will go up again.

    June 13, 2006 at 5:09 PM #26744
    EJ
    Participant

    Powayseller,

    No, I am not military. I will look into bankrate.com, thanks for the tip.

    I am more interested in something completely liquid, i.e., a money market account, but a short term CD might be OK.

    thanks,
    Eric

    June 13, 2006 at 5:21 PM #26746
    powayseller
    Participant

    Another tip – just make sure it’s FDIC insured. The Vanguard money market is not FDIC insured.

    June 13, 2006 at 7:27 PM #26759
    hs
    Participant

    I opened a saving account online with USAA and their interest is 5.71%.
    Give them a call at 1-800-832-3724(checking and savings) and check with them. I don’t know if they just do business with military people. Possible they do business with civilians, too.
    Good luck.

  • Author
    Posts
Viewing 5 posts - 1 through 5 (of 5 total)
  • You must be logged in to reply to this topic.