Re: Paypal Interest rate...?? what's going on?
I don't have any money sitting with paypal, but I found this on their site:
"The PayPal Money Market Fund invests in high-quality, short-term securities—like U.S. Treasury bills or notes . . ."
I think the frequent change must have something to do with Paypal being a money market fund (not to be confused with a money market account at an FDIC insured bank). Paypal's money market fund must run like a mutual fund, with ups and downs daily depending on the market.
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