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Old 12-16-2005, 08:57 AM
Degen Degen is offline
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Join Date: Mar 2005
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Default 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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