For a while now, online payment service PayPal.com has offered an extra reason to keep money in their accounts - a money market fund paying around 5% interest annually. I get asked about it regularly, and here I will explain in detail why I do not recommend keeping any significant amount of money in this account.
Now, when you think about a money market account, what are the top three things you look for? Here are mine, from most important down to least important:
Safety. This is cash savings, so the top priority is that you don’t want any risk or chance of loss. Liquidity. This is not a certificate of deposit; You want to be able to access the ...
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