Quote:
Originally Posted by Aleta
Hey Sweeps: Aleta here. Wish that I had been wrong about that one. I also have an FNBO accoount and there are a couple of things I don't like. There's just too much float time. Also, they don't have anything set up like other financial institutions to POD. (Pay on death to beneficiaries). When I asked they said they were working on it.
Also, they say 5.05,and that's the APY. What is the APR? That does make a difference.
I'm thinking about transferring back to Vanguard Prime Money Market. The rate there was 5.08 and they already have my set-up there. I've always kept some money there, but I might also split it up with a CD.
Oh, and yes, I am a female.
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APR are what lenders quote or disclose for loans.
APYs are used for your savings accounts.
I would be careful with Money market funds as they are not FDIC insured and you can *potentially* lose the value of your principal.