Money Market Rates Will Stay Low In 2009

March 11th, 2009

Anyone hoping to make money in interest income in 2009 is going to be very disappointed. The best money market rates as well as the best CD rates are both very low and show no signs of going up. Right now, with the stock market performing so poorly, cash is where you want to have much of your money. When you have cash, you want to invest it safely in things like money market accounts and CD’s. Having cash right now means that your money is safe but it also means you will be making very little from it. Until interest rates go up, those who have cash are not going to be making much.

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Entry Filed under: Business

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