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Question about Money Market accounts


gaewsky1

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I will be working freelance and taxes will not be taken out of pay. I plan on setting 1/3 of the pay aside for taxes. My question is instead of putting that money in a normal savings account is there someplace that will get me more interest, like a money market account? Or something else? The funds would need to be accessible too.

 

Thanks.

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If you need daily liquidity, there really arent any decent accounts you can invest in aside from a savings/money market account at a bank. Make sure it's FDIC-insured. Expect to not get more than .75 to 1.00%. PM me if you have any questions.
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