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How Does a Money Market Account Work?
I understand there is a bit more risk than standard savings accounts...why?
Also, how do these companies make money on the deposits while protecting against the short term need for withdrawals etc ? Using ING and Emigrant as examples, how much do these companies figure to profit on deposits if they are giving out 3.75-4%? Who manages one of these? Is that a job title? Any and all input appreciated. |
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