Go to Jeff Salisbury LWGate Home Page.From: Howard I Cohen <hic@mediaone.net>
Subject: Safe money
Date: Thu, 14 Jan 1999 23:51:40 -0500
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Bob:
> the interest rate on my money market account (not fund) has
> steadily declined and now is 3.13%. I am looking for a new
> FDIC insured account for my super safe money. Any ideas??
Here are a couple of suggestions.
1) Check Vanguard's Money Market fund. It was paying around 5%.
I realize that you said no fund, but in my years with Vanguard the
share price has never varied from $1.00/share. But the following is more
responsive.
2) Join the Digital Employees Federal Credit Union. (Not effected by the
COMPAQ acquisition.) I move money between my checking account and a Money
Market account via their web site (www.dcu.org) and it (money market) pays
4.25% computed daily. I think they pay 4.5% for amounts over $10,000. And,
unless I'm mistaken, it is FDIC insured. It's not a fund.
BTW - I presume you are still at Argonne?
Howard
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