Banks continue to take more out of your pocket with increasing fees, but there are bright spots, namely Internet banks and an ATM-fee loophole. Find out in our exclusive nationwide study. As stocks tank, money market and certificate of deposit accounts remain safe, profitable havens.
Many accounts sweep cash into a money market fund daily.
That's fine, if the broker really is looking after you, not himself. The case for money market funds Offset those volatile stocks in your portfolio with funds' steady return. Money market accounts provide savings, discipline Savers looking for higher yields and some fiscal discipline should consider money market accounts. Sweep accounts Sweeps accounts combine a checking account with an investment account, and may be what you're looking for. Get updated mortgage, auto loan and CD rates, and the latest banking news and investment insights.