General Question

scubydoo's avatar

Does anyone here have a PayPal money market fund?

Asked by scubydoo (751points) December 31st, 2007

I was just curious if anyone here had any experience with a paypal money market fund. I have a paypal account with a few extra unused bucks sitting there and thought of turning my account into a money market account.. I understand that the account says that it could lose money but it says a 7-day average yield has been 4.64%. I don’t use my paypal account often but i do keep a few bucks there incase I’m exploring ebay and see something I must have :-)

Observing members: 0 Composing members: 0

1 Answer

steveprutz's avatar

I have had one for years, and it pays off very well. I have seen it pay over 5% a month regularly. The only bad thing is it takes awhile to move money out of it. I think there is also a limit on how much you can put in there, so keep it under $5,000.

Answer this question




to answer.

This question is in the General Section. Responses must be helpful and on-topic.

Your answer will be saved while you login or join.

Have a question? Ask Fluther!

What do you know more about?
Knowledge Networking @ Fluther