0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the minimum to open an account with Scottrade?
$500 is the minimum to establish an account with Scottrade.
If you open a Scottrade account and then move overseas does Scottrade close your account?
Scottrade requires that you have a permanent address in the US. If they were to find out that you were no longer living in the US they would indeed close the account.
Where can one open a Scottrade account?
If you visit the Scottrade website it has instructions for completing an online account application, or for filling out the forms and mailing an account application.
How are money market savings accounts different from regular savings accounts?
A money market savings account is a special kind of savings account. Money market account holders receive more money on their return. Money markets are secure.
What is a type of savings account?
money market account
How do I open a money market account over the Internet?
You can open a money market account over the Internet at https://www.zionsbank.com/isavings_info.jsp - . Another good place to opne an account is www.bankofinternet.com/money-market-savings.aspx
What are money market accounts?
Money market account is an account that deal with financial matters in the money markets. Money market account usually requires a higher minimum balance or higher rate of interest in order for one to earn interest on the deposit money.
What are the advantages and disadvantages of a money market account?
A money market account is like a savings account. The disadvantage is that there will not be much interest or return. The advantage is , subject to the restrictions stated when you open the account, you can quickly get all your money out.
What is best a money market account or savings account?
madhu
What is the current credit interest rate for over 1 million in Scottrade?
The current rate for cash deposits of 1 million dollars at Scottrade is 1%. The current rate environment is very low right now and Scottrade does not offer a money market. They pay interest on cash bearing accounts and invest the funds in short term US Treasuries. This is safer than your typical money market accounts but as with anything else the less risk the lower the return. Scottrade does offer a full range of fixed income products though. See Related Links for a link to the interest rate page on Scottrade's website. Check there for the most up to date rate information.
I want to get into the stock market but I don't know anything about it. Can you trust stock brokers with your money?
Scottrade is a great place to start. I didn't know what to do with my money either so I talked to a family friend and he helped me set up an account. If you don't know what to do at all the people at Scottrade will help you. It's nice because you can pay the fees to get them to do it all for you and then eventually phase that out and save yourself some money and do it on your own. If you are totally clueless just take your money to Edward Jones. They charge for their services but it's not too outrageous and you'll feel a lot better having a professional handle your money in the stock market rather than jumping into it blindly.
Where can I read about money market checking?
Money Market checking is basically the same as a money market account which sets a certain amount of money you need in your account to get a certain amount interest. You can ask any bank about this function.
