Financial Information
Is there an online investment brokerage that will put uninvested funds into a money market fund until needed?
Question : Is there an online investment brokerage that will put uninvested funds into a money market fund until needed?
I have used Wells Fargo’s Wellstrade for years but recently they stopped doing this for me because my account is fairly small. It would also be great to pay less per trade (Wellstrade is $ 25/trade).
Also, what is the annual rate of return at that brokerage?
money market investment
Best answer:
Answer by jeff410
Scottrade does it and their commissions are a lot cheaper than that.
All major brokerage firms move customers free credit balances into money market accounts. Monies move regardless of the amount that is to be moved or the total balance in the account.
Check out any major brokerage firm, especially one that’s not part of a bank and you’ll have a free money market account
The interest rate varies depending on the money market used. Most firms provide several fund for their customers to choose from.
Hope I was of some help