Should I put money in an MMA?

[ScrimpAndSave]

I am living at home and working at accumulating $100,000 in order to buy a home and have a nice EF.

Right now, I am saving my money in an ING direct account...I just started March 1st so I have $4,320 in it so far. Should I invest in a money market account instead?

I have a ROTH IRA with fidelity..so I could get a MMA account through them...or ING Direct.

My ING savings account is earning 3% right now.

I will probably be buying around the end of 2011.

Thanks!

[disneysteve]

I'd go with whoever is paying the highest rate.

[jIM_Ohio]

3 years- you might be able to find some 3 year CDs paying higher than a 3% MMA.

[maat55]

I opened an account with provident direct which is paying 3.75%. I don't think the interest you earn is going to be a big factor in your saving for the house. 3% or 3.75% isn't going to be much of a difference.

What is good, is the plan itself. Don't forget to save at least 10% of your income for retirement, also. Unless you are paying off debt, sticking to the 10% rule, garranties your future. Saving for something else first, can jeapardize your future, as a habit.