Andre1969
Thinks s/he gets paid by the post
It might be slightly riskier, in the sense that the interest rate can change more quickly, but I parked some money in MMAs. One of them, with American Century, is currently paying something like 4.7%. I have one with Janus, and one with Schwab as well, and I think they're all close.
**Edit: those last two posts slipped in while I was typing, but that was kind of my sentiment, as well. In addition to my own investments, my uncle has been letting me handle his. He came into a decent chunk of money late last year, when we sold the old family homestead. At first, I had planned on just getting him some CDs, opening a new one roughly every three months, so that they don't all come due at once. But then once MMA rates shot up, I figured let's just dump it in there for the time being. And as an added bonus, he also has quicker access to the money, should the need arise.
**Edit: those last two posts slipped in while I was typing, but that was kind of my sentiment, as well. In addition to my own investments, my uncle has been letting me handle his. He came into a decent chunk of money late last year, when we sold the old family homestead. At first, I had planned on just getting him some CDs, opening a new one roughly every three months, so that they don't all come due at once. But then once MMA rates shot up, I figured let's just dump it in there for the time being. And as an added bonus, he also has quicker access to the money, should the need arise.
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