No, it is actually a scam people have created to steal money. Right now there are a lot of people who got scammed by this and are told to call their State insurance department's consumer complaint division for help
banks invest money in the stock market, stock market crached, so did the banks
CapitalOne Direct Banking, EverBank, AllyBank, FNBODirect are some of the banks that offer the highest money rates. ScottTrade, tradeMONSTER, OptionsHouse are some of the brokerage houses that offer competitive money market rates. Most banks offer money market rates. The rates for money markets vary by banks and can be as high as 1.5%.
Money market banks are a large financial service firm that offer commerical lending service. They lend and borrow from governments, banks and large corporations.
The banks were using their custumer's deposits to put money into the stock market.
One can learn more about what a money market is when one takes a course of commerce or finance at any university, college, or school. One can also go to the website of about dot com to learn about money market.
wwww.bankaholic.com provides an extensive look at all current money market accounts being offered by all major banks and credit unions. On this site, you will be able to compare interest rates, learn how money markets work, and read reviews on many banking institutions.
process of payment, common money market,issue money
This is the rate at which participant banks within the European Union money market will lend to another participant bank in the EU money market.
Savings,checkings,and money market accounts are offered by retail banks.
There are a bunch of local banks that provide business money market accounts option. Major banks that offer this service is TD bank and capital one bank.
You can learn about money market accounts on different websites such as being specifin "Kern Schools" or " Bank f America". It is best to be specific when searching for money markets.
Because Jews have all the power.