Is a money market a good investment? They are safe, and they yield low interest rates when you compare them to other savings options and retirement accounts. The more you invest in a money market account, the higher interest you will be able to earn. Some companies have a higher interest rate for people that will deposit at least $50,000 or more when opening the account.
Right now money markets low interest is due to problems with the economy. The rates have been much higher in the past and the downturn in the economy has made them a weak investment for younger investors. For those who are risk averse or who are close to retirement… » Read more