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A Money-Market Alternative To Money-Market Funds

Sunday, February 12, 2012 - 10:26 AM
This Wall Street Journal article mentions something that we all know: internet money market and savings accounts are now much better deals than money market funds. One thing I found interesting is that it provides some reasons why this is the case:
Bank money-market accounts have some big advantages. While money funds pay a market rate based on securities yields, banks can pay "artificial rates based on funding needs and competitive factors," says Robert Deutsch, managing director at JP Morgan Asset Management, the largest U.S. money-fund manager.

Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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