Okay, if you have money available in your brokerage account, you might be wondering which is better, a money market fund or a money market deposit account.

If this is the case, the answer is you should probably get the money market deposit account.

Money market brokerage funds currently have a very low yield, between .22 and .30 on annualized 30 day terms. On the other hand, commercial banks are offering .90 to 2.2 percent for comparable products. In addition, commercial banks have FDIC insurance. So, the combination of a higher yield and FDIC protection gives money market deposit accounts an edge. Even a slightly higher return should help you build more wealth long-term.

Best,

James

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

Click Here to Download
DINK's Free
Budget Template
Click Here to Download
DINK's Free
Net Worth Template

Couples Finance

Websites You Should Read

Companies Supporting The DINKS

Please consider visiting our gracious supporters:

Get an education with the Online Certificate Programs at Washington Tech

State-approved Online Middle School at EHS