Has anyone here considered Paypal? Any money sitting in a Paypal account is in what’s considered a Money Market account. The current interest rate is 4.88% and there is no minimum deposit.
The only down side is that the account is not FDIC insured. I personally think the risk is minimal. I’ve been using to Paypal for years to conduct Ebay transactions without any problems. I wouldn’t chance super large sums of money but, for someone that doesn’t have a large amount of cash it might be an option.
