Certificate of Deposit

Question: Does anyone have any information about a Money Market accout?

I want to open a Money Market account, but I don’t know where, how much to start with, and what are the typical interest rates? Any info will be helpful.

Answer: Just about any place offers Money Market accounts nowadays. Try your local bank, credit card company or go online for Vanguard.com. Each place will have their own minimum deposit. Some can be opened for only a dollar. The interest rates vary, depending on the amount you keep in the account, but they are generally higher than plain savings accounts. The money is insured up to $100,000. There might be penalties for too many withdrawals in a month, so be careful and ask.

Money Market – US Dollar Exchange Rate