thepalmersinking
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Any suggestions on money market funds with low initial investment?
Money market funds
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pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
My favorite is VMMXX but that requires $3k initial investment.
Niuatoputapu
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I suggest you investigate bankrate.com. I like Discover among the MM/Savings options. It is convenient and has a good web site. It is among the top ten rates, but it is not the highest.
Another Reader
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For the highest rates at banks and credit unions, look at www.depositaccounts.com. Sallie Mae has a good money market account at 2.3 percent. Live Oak has the same rate on a savings account.
The best broker money market funds are at Vanguard.
You can also buy new issue short term treasury bills through the major discount brokers with no fee. They are exempt from state income tax and are sold in $1,000 increments.
The best broker money market funds are at Vanguard.
You can also buy new issue short term treasury bills through the major discount brokers with no fee. They are exempt from state income tax and are sold in $1,000 increments.
gwraigty
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Fidelity and Schwab have money market funds with no minimums. Well, maybe $1.00.
audreyh1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
many money market funds have no initial investment requirement as the brokerage expects them to be used like cash.
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