Thread: tax free savings or higher interest with tax?
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Old 02-06-2008, 02:17 PM
jeff5656 jeff5656 is offline
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Default tax free savings or higher interest with tax?
Let's say I have $30,000 in a minincipal money market. It is 3.11% but it is tax free.
Is it cheaper to keep 30K in this tax free but lower interest account, or move it to one of those online savings accounts that earn 5.25% interest, but the interest is taxed? I called an advisor at fidelity to ask them, but they had no clue.
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