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How To Maximize Interest Earned On Cash Type Investments
Money Market Funds
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If you want to check the rating of a money market fund, go to www.standardandpoors.com . Click on "Fund" then click "Money Market Funds."
FolioFn, an online securities firm, works with a number of banks so you can work with one bank, and spread money market accounts among a variety of banks. Funds area available on demand. Money earns a relatively low rate. To use FolioFn services, you must be a member and pay a monthly fee to use its extended FDIC coverage. http://www.FolioInvesting.com
NOTE: While generally considered safe, there is no guarantee that the value of a money market fund will not decline. The value of the obligations in which the funds invests may decline. Read the prospectus for a fund in which you're interested to understand the risk involved.
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