investing

Money market accounts

When it comes to investing, most would-be Warren Buffets sparkle at the thought of hot stocks that double overnight and penny stocks that turn into bundles of bucks. But here at Bankrate.com, we start with the first rule of careful investing: Don't lose money.

At a glance

That means two things in investing: Save on fees and commissions by making wise choices in how and where you put your money, and getting the best return you possibly can while avoiding as much risk as possible.

When it comes to low-risk investing, that means fixed income. It means bonds and certificates of deposit, money market accounts and mutual funds, annuities and savings accounts.

It means finding a bank where you can park your money without paying for the privilege, and getting a little interest while you're at it.

It means properly setting up your CD portfolio and deciding which type of bond is best for you.

Money market account
  • MMAs are liquid
  • Check writing and money transfer privileges (often have minimum requirements, limitations and fees) MMAs are available at most banks or credit unions
  • Deposits may be insured up to $100,000 by the FDIC for non-retirement accounts
  • Minimum balance required, may be higher than a savings account requires
  • MMAs will earn about twice the interest of a savings account
  • Some online banks institutions ofter high-yield MMAs which offer better rates higher risk

High yields MMAs

With a visit to our Investing Basics, you can learn about the different types of fixed income investments, and the advantages and disadvantages of each. You can learn how to find the best savings account for your needs and about the different types of bonds. You can learn about fixed-income alternatives you might not have thought about.

After all, you worked hard for your money. Now you can learn how to make your money work hard for you.

advertisement

          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

CDs and Investment

Start retirement savings at 24?

Dear Dr. Don, At age 24, I recently started a job working for a corporation. I'm interested in individual retirement accounts. I'd like to look at investing in stocks and bonds and learn more about choosing a 401(k) plan.... Read more

advertisement

Blog

Sheyna Steiner

McDonald’s horrible, no good year

McDonald's returns have floundered in 2014. Are consumer tastes changing or is this a mere blip on the radar for the legendary fast food chain?  ... Read more

Partner Center
advertisement

Connect with us