PayPal Money Market Fund - Is it a Good Investment?

Discussion in 'General Business' started by vodkkaa, Mar 20, 2008.

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  1. getjimmy

    getjimmy Prominent Member

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    #21
    I think this option is only for US/Canada paypal account holders.
     
    getjimmy, Mar 21, 2008 IP
  2. v.t0xic

    v.t0xic Peon

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    #22
    If this is your situation, then it could very well be a good choice for you.
     
    v.t0xic, Mar 21, 2008 IP
  3. SEOBusiness

    SEOBusiness Well-Known Member

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    #23
    Do not leave many money in your paypal account.I think it is quite unsafe.
     
    SEOBusiness, Mar 21, 2008 IP
  4. immortality

    immortality Peon

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    #24
    If you take care of your computer and get your money in a legit manner there is nothing unsafe about it. Ive had $xx,xxx in my PayPal for a month once with no problems. I always have a large sum in it and dont even think about anything happening with it.
     
    immortality, Mar 21, 2008 IP
  5. space101

    space101 Peon

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    #25
    I use paypal's money market account and yes it pays out interest monthly. Right now it's 3.13% but during the time when banks were extending credit to each other at a all time low interest rate this exact same money market fund was paying out 5.46% MONTHLY.

    Frankly I don't care if anyone believes me or not, personally I hope more people DO NOT find out about it. ;p
     
    space101, Mar 21, 2008 IP
  6. SmallPotatoes

    SmallPotatoes Peon

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    #26
    No it wasn't. It was making monthly interest payments on a 5.46% annual rate. That is a completely different thing.
     
    SmallPotatoes, Mar 23, 2008 IP
  7. wwwAD-SENSINGcom

    wwwAD-SENSINGcom Banned

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    #27
    I think it is.
     
    wwwAD-SENSINGcom, Mar 23, 2008 IP
  8. btsx

    btsx Well-Known Member

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    #28
    it's interesting, because it says 7-Day Average Yield ... not annual
     
    btsx, Mar 23, 2008 IP
  9. immortality

    immortality Peon

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    #29
    Thats the average for the past week of that number next to it. Not that youre being paid that weekly.
     
    immortality, Mar 23, 2008 IP
  10. zac439

    zac439 Notable Member

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    #30
    I make a few dollars each month. I kept $1,000 in it one time to see how well it'd fair, but I got around $4 so I just took all my money out.

    Not really worth the risk of PayPal freezing your account with a large sum of money in it.
     
    zac439, Mar 23, 2008 IP
  11. thrillseekerhass

    thrillseekerhass Peon

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    #31
    very interesting post. I have never heard of this. will check it out.
    Thrillseekerhass
     
    thrillseekerhass, Mar 24, 2008 IP
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