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is a Treasury money market account avail in FDIC bank deposit account?

Posted: Sun Jun 17, 2012 1:56 pm
by cabronjames
Is it possible to get a
1 a 100% Treasury money market account
2 on a deposit account at a FDIC/NCUA bank/credit union
3 that has the ability to make payments via debit card/checkwriting against it

If so
4 can you give your specific combination of the bank & the name/ticker of the Treasury money market fund?

I have a Reward Checking account for my emergency fund that yields 3%.  I've had the account for 1+ years, & found it on this good website, where the writer follows the dry topic deposit account rates at various banks with the enthusiasm that Steven A. Smith does basketball
http://www.depositaccounts.com/

But I realize now that from a PP perspective, this is "yield reaching", the slight extra return is probably not worth the extra risk.

Re: is a Treasury money market account avail in FDIC bank deposit account?

Posted: Sun Jun 17, 2012 2:04 pm
by AdamA
cabronjames wrote: Is it possible to get a
1 a 100% Treasury money market account
2 on a deposit account at a FDIC/NCUA bank/credit union
3 that has the ability to make payments via debit card/checkwriting against it
I don't think that there are any Treasury only money market funds that are FDIC insured.

But, if you want a low minimum Treasury only money market fund that allows check writing, you can use CPFXX from American Century.  Minimum check is for $100.  No debit card, though.  Expense ratio is .47%.