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Insured Money Market Account - looking for advice..
Posted on 3/6/13 at 12:29 pm
Posted on 3/6/13 at 12:29 pm
I have about $5,500 in a Citibank insured money market account. The money was formerly a 401k but ended up getting dumped into this money market when I left my previous company. I just got my 2012 statement and apparently it earned .35% last year ($17 or so)…lol..
What are some decent options for moving this money into an account that yields a better return? Any advice is appreciated..
What are some decent options for moving this money into an account that yields a better return? Any advice is appreciated..
3
Posted on 3/6/13 at 12:52 pm to SlidellBammer
A conservative mutual fund.
Posted on 3/6/13 at 12:54 pm to SlidellBammer
There are online savings accounts that you can get close to 1% on. You could look into an intermediate or short term bond fund also.
Posted on 3/6/13 at 9:23 pm to SlidellBammer
depends on you age and risk tolerance
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