Money market funds are a popular option for savers. They are a type of mutual fund that invests in short-term government and corporate securities and pay market interest rates. Initial deposits generally range from $1,000 to $10,000 so you may need to save elsewhere first to accumulate the required amount. Get started by becoming an American Saver at http://bit.ly/gliVkL.
For more information or to comment on this blog, contact:
- deborah.killam@maine.edu
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