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A money market works in a similar kind of way.
The average money market rate was 0.5 percent in the middle of last year.
In effect, the money market was subject to a bank run.
All of them had lost faith in the money market.
IF so, that means money market rates are almost certain to move higher.
The money market account was up by one basis point, to 7.03 percent.
"I have to start getting into money market funds and that kind of thing," he said.
The last change in bank money market account rates was more than three weeks ago.
We'll take a look at how the interest on money market accounts works in the next section.
The money market did not seem to be half so tight as it was the day before.
And even money market accounts have been known to get into trouble.
Money market funds returned an average of 0.56 percent in 2003.
Their price moves by the minute in line with the money market.
Money market accounts were off 8 basis points, to 6.99 percent.
They have to comprehend this is the money market, the business world.
"Money market rates may be down to 4.5 percent in six months," he added.
Rates of less than 3 percent on money market accounts were already common.
They did cut the money market accounts a little more, to 3.78 percent, down 3 basis points.
For a better return, money market funds are probably the best bet.
Money market accounts were off an average of one basis point, at 6.55 percent.
Or, to cut risk, you can choose a money market fund.
Yields have been up the last few weeks in the money market funds.
AS anyone in a money market fund knows, even security has its risks.
The money market people had apparently left in a hurry.
That was the correct thing to say in 1982 when everyone wanted to look at money market funds.