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Old Oct 11, 2024 | 4:33 am
  #466  
TTT103
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20 Years on Site
 
Join Date: Apr 2002
Posts: 3,241
Originally Posted by radonc1
MMs are not demand deposit accounts. You can technically write a check for the entire amount of your One account and they have to pay out. Unless you are willing to lose the interest (and maybe even pay a penalty), your money in that MM account is tied up for the term of that account.
It's easier to pay more interest when you know that the money backing it up isn't going anywhere
I appreciate that. It's parked money that I do not readily need, but have there in case of emergency. I've been buying short-term treasuries with some of it, as well.
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