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Bank Money Market Rates Outpacing Yields on Money Funds

February 24, 2009
By Clark Schultz | Money-Rates Columnist

Mutual fund money markets have had a tumultous six months. A perfect storm arose to test the whole industry. First, the safety of money funds was called into question after several funds “broke the buck” during the mortgage-backed securities crisis. Then yields on money funds were pushed down close to 1% after the Fed lowered [...]

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5.75% Money Market rate from Evergreen Private Bank

July 22, 2007
By MoneyRates team | Money-Rates Columnist

Evergreen Private Bank (FDIC# 35230) based out of Oak Brook, Illinois is promoting their new Cornerstone Deposit program with the following benefits and features for checking, money market, and CD accounts:
* A free ipod Nano or a $200 credit to your account for new customers who open a new checking account with direct deposit, offer [...]

Posted in $200 bonus| evergreen private bank| ipod nano| money market rate | 0 Comments

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About Richard Barrington

Richard Barrington, CFA, is the primary spokesperson and personal finance expert for MoneyRates. He is a 20-year veteran of the financial industry, including having served for over a dozen years as a member of the Executive Committee of Manning & Napier Advisors, Inc. Richard has written extensively on investment topics, including investments, money market accounts, Certificates of Deposit's and personal finance as it relates to retirement. Richard has been quoted by numerous media publications such as the New York Times, the Wall Street Journal, and Pensions & Investments magazine.

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