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Corporate money market accounts compared

Account

Minimum initial investment

Minimum balance to avoid fee and/or closure

Minimum additional investment

Minimum check amount

APY

FDIC

Cat Money Market

$250

$250

$50

$250

$0 to $4,999.99: 1.51%

$5,000 to $49,999.99: 1.77%

$50,000 and up: 2.02%

No

GE Interest Plus

$500

$250 w/ automatic investments

($25 sign-up bonus)

$500

$250 w/ automatic investment program

$25

$250

Less than $15,000: 1.76%

$15,000 to $49,999: 2.02%

$50,000 and up: 2.27%

No

Ford Money Market

$1,000

$1,000

$50

$250

Up to $14,999: 2.12%

$15,000 to $49,999: 2.27%

$50,000 and up: 2.43%

No

GMAC Bank Insured Savings/Money Market

$500

$500

No minimum

No minimum

$0 to $499.99: 1.96%

$500 to $4,999.99: 2.05%

$5,000 and up: 2.05%

Up to $100,000, $250.000 for retirement accounts

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-- Posted: Aug. 23, 2004
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See Also
Main: Corporate MMAs offer good rates, but no safety net
Tips for picking a money market mutual fund
Search for highest-yielding MMAs
Savings glossary
More savings stories



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