Social

TD Ameritrade Offers New Money Market Funds

td ameritradeKFG Clients all received information from TD Ameritrade today announcing that their current money market fund will be discontinued.  Now, you will have two choices for your cash account.  One is a new money market fund paying 0.05% and insured for up to $1 million.  The second is a bank savings account paying from 0.10 to 0.30% and insured by both FDIC and TD Ameritrade for total coverage of $500,000.

We have selected the default to be the second choice, the bank savings account.  This is because it pays a wee bit, and we mean a wee bit, more in interest.  If you carry cash reserves in excess of $500,000, we recommend you use the new money market fund.

If you have questions, please give us a call or drop us an email.

Share Button
Print Friendly, PDF & Email

3 Responses to TD Ameritrade Offers New Money Market Funds

  1. Joanne Goodrich November 16, 2009 at 7:38 am #

    Sounds good to us. We, as clients, respect your judgement.

  2. Richard Miller November 16, 2009 at 9:50 am #

    Works for us

    Thanks Rick
    rwm

  3. Gaynell Marconis June 7, 2012 at 10:09 am #

    Excellent blog! Do you have any tips and hints for aspiring writers? I’m hoping to start my own site soon but I’m a little lost on everything. Would you propose starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally confused .. Any suggestions? Many thanks!