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To: tomakaze
Sounds like a money market account?
18 posted on 12/31/2003 7:06:21 AM PST by FireTrack
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To: FireTrack
re:Sounds like a money market account?
 
Naw. I kept it simple. it's just a standard checking/savings accnt.
32 posted on 12/31/2003 7:14:05 AM PST by tomakaze ( Todays "useful idiot" is tomorrows "useless eater")
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To: FireTrack
"Sounds like a money market account?"

I think you're the closest on this one.

Some banks pay a higher interest on savings, but limit the number of withdrawals. Other savings accounts at the same bank have unlimited withdrawals, but at a lower interest rate. It is just to prevent people from using their savings account as an interest bearing checking account.

Sounds to me as though the poster wants the best of both worlds.

43 posted on 12/31/2003 7:19:22 AM PST by robertpaulsen
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