CLOSE UP Banking Alternatives: WHAT IN THE FINE PRINT?
Publicado por sam - 30/11/99 a las 12:11:00 amIf you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
The cautions to checking accounts, savings account, loans and credit cards—to be found in chapters 1 through 4—are of course, equally applicable to those services when offers by a banking alternative. But banking alternatives, because they are less strictly regulated than banks, warrant some additional caveats.
Checking and Savings Services
Before investing in a money market mutual fund, read the prospectus carefully. Although money market funds have an exemplary safety record, those that invest solely in government securities enjoy a small margin of safety over those that invest, for example in bank repurchase agreements. Those that invest in tax-free instruments will give you a lower yield in return for the tax exemption but only a careful estimate of your tax obligations can tell you whether or not the lower yield is desirable for you. Seguir leyendo CLOSE UP Banking Alternatives: WHAT IN THE FINE PRINT?…
Checking and Savings Services
