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Bank Money-Market Accounts (Source: Money Magazine, Sept, 2006, pg 44)
Domestic Bank (Rhode Island)
Yield 5.16
Min Inv $2,500 800-398-8472
Presidential Bank (Maryland)
Yield 5.12
Min Inv $5,000
800-383-6266
Corus Bank (Illinois)
Yield 5.10
Min Inv $100
800-989-5101
Umbrella Bank.com (Alabama)
Yield 5.10
Min Inv $1,000
866-242-0065
Heritage Bank (Minnesota)
Yield 5.06
Min Inv 1,000
800-344-7048
Taxable Money-Market Funds:
Transamerica Premier Cah Reserve Inv
Yield 5.24
Min Inv 1,000
800-892-7587
McMorgan Principal Preservation
Yield 5.22
Min Inv 5,000
800-831-1994
TIAA-CREF Money Market Fund ***
Yield 5.19
Min Inv 2,500
800-842-2888
Vanguard Prime Money Market Fund Retail
Yield 5.17
Min Inv 3,000
800-851-4999
MFS Money Market Fund
Yield 5.14
Min Inv 1,000
800-637-8255
*** I have this account and it's really great! There isn't an ATM card though, but check writing is available. Minimum check amount for withdrawal has to be $250.00. Great place to save your property taxes with nice interest!
Domestic Bank (Rhode Island)
Yield 5.16
Min Inv $2,500 800-398-8472
Presidential Bank (Maryland)
Yield 5.12
Min Inv $5,000
800-383-6266
Corus Bank (Illinois)
Yield 5.10
Min Inv $100
800-989-5101
Umbrella Bank.com (Alabama)
Yield 5.10
Min Inv $1,000
866-242-0065
Heritage Bank (Minnesota)
Yield 5.06
Min Inv 1,000
800-344-7048
Taxable Money-Market Funds:
Transamerica Premier Cah Reserve Inv
Yield 5.24
Min Inv 1,000
800-892-7587
McMorgan Principal Preservation
Yield 5.22
Min Inv 5,000
800-831-1994
TIAA-CREF Money Market Fund ***
Yield 5.19
Min Inv 2,500
800-842-2888
Vanguard Prime Money Market Fund Retail
Yield 5.17
Min Inv 3,000
800-851-4999
MFS Money Market Fund
Yield 5.14
Min Inv 1,000
800-637-8255
*** I have this account and it's really great! There isn't an ATM card though, but check writing is available. Minimum check amount for withdrawal has to be $250.00. Great place to save your property taxes with nice interest!
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