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Old 12-16-2005, 09:04 PM
Degen Degen is offline
Senior Member
Join Date: Mar 2005
Location: Re-stealing
Posts: 1,064
Default Re: How Does a Money Market Account Work?

ING invests mostly in mortgage-backed securities and a little in mortgage loans.

ING has an operating expense ratio of only 0.12% while most traditional banks are between 2.50%-3.50%.

You can search through their call report for more info if it interests you.

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theoretically, they could invest in anything they wanted though right? if they saw fit, they could pull all of that out tomorrow and put it in tomato futures?

As a side note, just found out PayPal has a Money Market account...4.13%, a tad over Emmigrant
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