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Phaoro
#1 Posted : Thursday, December 17, 2009 4:32:04 PM
Rank: Member


Joined: 10/6/2009
Posts: 164
Hello all,

Can anyone recommend a good money market account giving good interest rate. Just checking I could be missing on some good opportunities out there.
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mukiha
#2 Posted : Wednesday, December 30, 2009 12:03:39 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
Check the daily press and see which has the highest annual interest...BAAM at the moment
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Phaoro
#3 Posted : Thursday, December 31, 2009 3:50:05 PM
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Joined: 10/6/2009
Posts: 164
Thanks @ Mukiha
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XSK
#4 Posted : Wednesday, January 06, 2010 8:40:35 AM
Rank: Veteran


Joined: 12/8/2009
Posts: 975
Location: Nairobi
mukiha wrote:
Check the daily press and see which has the highest annual interest...BAAM at the moment


BAAM might seem to be the highest until you consider that out of the 10% or thereabouts they will charge 2% p.a admin cost. Others like ICEA the interest is 8.xx% net, which works out better than BAAM.

The devil as they say is in the details.
You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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