Does anyone use PayPals "Money Market" ????

longtimecollector

Right now they're paying 4.45%...... Better than my checking / savings, and the cash is always liquid........ I don't see any minimum requirements or time constraints like a standard CD...... Anyone ???????

Oh yeah....... here's a coin to stay "on topic"

slipgate

I don't know how old you are, but if you are considering putting any amount of money (say, greater than 10k) into a money market, you are short-changing yourself by about 10-15%. The stock market and/or good highly rated funds is the place to be right now. Especially real-estate funds. Now I know a lot of people are going to suggest that we are in a real-estate "bubble", but I don't believe that for a second. All the signs that I see point to a protracted economic growth boom for the next 5-10 years (at the least). My funds are returning an average of 20% right now (did so for the past 4 years). One fund is on track for a 100% gain this year!

Be aggressive!

PS I asked how old because obviously age has a lot to do with risk factors - the older the more stable you'd want.

relayer

I use it only to the extent of keeping money from eBay sales in the account until I spend it with their Mastercard to get a 1.5% rebate (that ends this June).

PayPal has no bank charter and doesn't have to comply with the laws of the land.

I wouldn't trust them with any money that I couldn't afford to lose, because PayPal sucks

solid

Sure, I use it, but I usually only have a few hundred dollars in there at any given time.

Why not use it? It's "free" money.

Ken

TwoSides2aCoin

I told my daughter it pays better than her checking account.... But 4.5% on twenty bucks don't add up to much

ziggy29

My CU pays 4% on regular savings balances, so it's not worth the hassle of keeping the extra account. Besides, I rarely have more than a couple hundred bucks in there anyway, which I promptly move to my CU account.

brccoins

<< <i>I use it only to the extent of keeping money from eBay sales in the account until I spend it with their Mastercard to get a 1.5% rebate (that ends this June).

PayPal has no bank charter and doesn't have to comply with the laws of the land.

I wouldn't trust them with any money that I couldn't afford to lose, because PayPal sucks >>



The 1.5% ends in June? Where did you get that information?

relayer

<< <i>

<< <i>I use it only to the extent of keeping money from eBay sales in the account until I spend it with their Mastercard to get a 1.5% rebate (that ends this June).

PayPal has no bank charter and doesn't have to comply with the laws of the land.

I wouldn't trust them with any money that I couldn't afford to lose, because PayPal sucks >>



The 1.5% ends in June? Where did you get that information? >>



Like most things, I just make them up.

If you had a card prior to March 2005 you will still receive the 1.5% back otherwise it will drop to 1%.

Shouldn't you be busy shipping me my SHQ's?

jcping

No FDIC, FSLIC, SPIC, then no thanks for large amount of $$$

Unfortunately, I also don't believe "the stock market and/or good highly rated funds......"