Do You Need a Money Market Account? Click Now to Earn 3.75% with WaMu
7 Reasons to Get the Best Money Market Account with
WaMu:
To preserve the buying power of your money against
inflation.
To gain compounding interest.
To save more money (it is too easy to withdraw money
from a regular savings account).
To avoid letting your money sit idle in a savings
account. 99% of regular savings accounts are only paying one-half a percent of interest. WaMu offers you 9x the national average.
To take advantage of WaMu's which is the Best Money Market Account.
minimum account balance, and no fees.
To have your money in a safe place, WaMu is FDIC insured up to
$100,000 per account - there is NO RISK!
To be more disciplined in your saving by using WaMu's optional
automatic savings program which allows you to set up a monthly or weekly
transfer from your checking account into your ING Direct money market. This
way you won't be living on the edge of you income without putting anything
aside for a rainy day, unemployment, disease, accidents, or natural disasters.
You can predict but you can prepare.
It is never to late to start saving, so open an account now by clicking
Yes, I Want to Have a Financial Future by Saving My Hard-Earned Money
.
The Best Money Market Account Depends on You - Let's Compare Hand-Selected Money Market Accounts
It is one thing to quote annual percentage yields and it is quite another to see what money actually accumulates in your account. There are a number of factors to consider when determining your real return on investment. Any accountant or financial planner worth his pay will tell you two numbers: your pre-tax earnings and your after-tax earnings. If you are in the 25% tax bracket (you are in this bracket if you earn between 32,550 and 78,850) you will pay 25% of your earned interest from your money market account to Uncle Sam. Let's run a simple scenario to illustrate the impact taxes have on interest earnings:
Suppose you have:
Suppose you:
Are 40 Years Old
Save $4,000 per year
Earn 5.00% APY in your money market account
Pay 25% taxes on your income and interest each year
Retire at 65 Years Old
How much will you have saved by retirement? How much will you have paid in taxes on your interest? How much interest will you have earned? It's funny but you probably haven't taken the time to crunch the numbers so you can see the end from the beginning, don't worry I don't like math either! Well, here we go - I'll show everything in a graph so usvisual learners can understand it:
Money Market Savings Interest Calculator (assuming no taxes)