High interest fixed rate money market

[EJ]

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

[powayseller]

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.

[EJ]

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

[powayseller]

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

[hs]

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.

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