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Money Market Accounts


  • Savings Strategies for High-Net Worth Individuals (0 comment)

    A lot of things change as you start to rise up the income ladder. Most of them are good – the old junker is replaced with a comfortable new car, the apartment becomes a house, you order steak instead of a hamburger. At the same time, managing your money becomes more complicated. Savings strategies for high-net worth individuals can be different. Recognizing how that game changes as you start to earn more will help you…

  • How to Find the Best CD Terms (1 comment)

    There are investors and there are savers. If you fall into the category of the former, you have a greater tolerance for risk. If you are a saver, your main financial concern is to protect your principal, which leads many to certificates of deposit. But how to find the best CD terms? Let’s start at the beginning. The goal of a CD is to ensure the principal can be spared no matter what happens in…

  • Are you planning to retire to another job? (25 comments)
    This article is by editor Linda Vergon.

    People are living longer, healthier lives. Consequently, they need more income to cover a longer life span than initially expected. That may be what’s fueling an interest among boomers to continue working after retirement instead of pursuing a life of leisure. But it could also be that boomers just like to work. A recent AARP survey determined that 37 percent of nearly 5,000 workers age 50 to…

  • 5 ideas for a productive staycation (13 comments)
    This article is by staff writer Honey Smith.

    According to a recent blog by the Wall Street Journal, Americans leave $52.4 billion on the table each year in unused paid time off (not including sick or personal leave). This lowers employee productivity and can lead to burnout and retention issues. It is also quite expensive for companies themselves, since the time and money associated with PTO are liabilities on their balance sheets. Sometimes, though,…

  • How much do you spend on fireworks? (22 comments)
    This article is by staff writer Holly Johnson.

    A few weeks ago, I received a flyer from a fireworks store that made me shake my head. “Spend $400 in one purchase and earn 40% off for the rest of the season,” it read. “What a bargain,” I thought as I flung it toward the recycling bin. I mean, does anyone really spend $400 at the fireworks store? Then I remembered that, yes, many people…

  • Reader Story: My Son Manages My Finances (111 comments)

    This guest post from Rita is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success or failure. These stories feature folks with all levels of financial maturity and income. Want submit your own reader story? Here’s how. My son Danny has been doing all my finances since he was eleven. This includes my mortgage, credit cards, taxes, and…

  • High interest: How to choose between checking, savings, and CDs (52 comments)

    In a rocky economy, high interest rates are the holy grail of conservative investors, especially those who don’t want to invest in bonds. But in this rocky economy, “high interest” hasn’t really meant much: High-interest savings accounts are returning below two percent! Get Rich Slowly readers are just like everybody else. A couple of times a week, I get e-mail from somebody looking for higher interest rates, but puzzled about where to find them. So,…