A personal finance blog dedicated discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance.


Tuesday, March 15, 2005

Where's a Good Place to put Your Savings?

The Federal Reserve has raised interest rates six times in the last year. If your bank is anything like my bank, they aren't paying you a high enough interest rate. So, what can you do? Why not check out some of these links.

None of these are recommendations on my part. I'm just trying to put out some useful information. Please do your own research BEFORE you send them your money. Also, if you have had an experience (good or bad) with any of these places, please leave a comment.

Here we go:
      Bank Money-Market Accounts
Virtual Bank 2.60% $100
Cosmopolitan B&T 2.51% 100
First Bank of Oak Park 2.51% 100
Park National Bank 2.51% 100
Pullman Bank 2.51% 100
Taxable Money-Market Funds
PayPal Money Market Fund 2.41% 1
Scudder Money Market Series Premium S 2.22% 2,500
Transamerica Premier Cash Res. Inv. 2.21% 1,000
TIAA-CREF Money Market Fund 2.15% 2,500
Vanguard Prime Money Market Fund 2.13% 3,000
Tax-Exempt Money Market Funds
Alpine Municipal Money Market Fund Inv. 1.89% 2,500
Vanguard Tax-Exempt Money Market Fund 1.75% 3,000
Strong Tax-Free Money Fund 1.61% 2,500
Fidelity Municipal Money Market Fund 1.47% 5,000
USAA Tax Exempt Money Market Fund 1.45% 3,000

Some of these funds may have sales loads. Be sure and thoroughly read the fine print before you send them your money.