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.


Saturday, April 30, 2005

Where's a Good Place to Put Your Cash - May Update

On March 15th, I listed several banks that paid some of the highest interest rates on savings accounts. Here's the updated list along with links to the banks.
      Bank Money-Market Accounts
UFB Direct 3.30% $ 1
Emigrant Bank 3.25% 1
Capital One FSB 3.15% 100
Resource Bank 3.04% 10,000
National InterBank 3.00% 200
Taxable Money-Market Funds
Scudder Money Market Series Premium S 2.86% 2,500
PayPal Money Market Fund 2.80% 1
Scudder Money Market P.S.R - AARP 2.21% 10,000
Transamerica Premier Cash Reserve Inv. 2.15% 1,000
Vanguard Prime Money Market Fund 2.13% 3,000
Tax-Exempt Money Market Funds
Alpine Municipal Money Market Fund Inv. 2.86% 2,500
Vanguard Tax-Exempt Money Market Fund 2.65% 3,000
Strong Tax-Free Money Fund 2.12% 2,500
Scudder Tax Exempt Money Fund 2.34% 1,000

Fidelity Municipal Money Market Fund 1.47% 5,000

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