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In most cases, you can get a higher yielding money market account at brokerage firm than at your local bank.
There are many reputable brokerage that offer money market accounts, but it is great start and more than likely contains enough leads for you to be able to make a decision.
When you contract a brokerages firm, ask the following question.
- What is the minimum to invest?
- Can I set up a systematic investment program where you take money out of my checking account on a regular basis and invest it is a money maker account?
- If I set up a systematic investment plan, will you lower the minimum to invest?
- Does the account come with check writing privileges and if so what is the smallest check you can write? Does it come with an ATM card?
- Do you offer federally insured accounts? What is the rat on your inured money market accounts vs. your regular money market accounts?
- Does the bank charge a low balance fee?
