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okay, i'm a math/finance retard so i need some help here.
my savings has an interest rate of 0.10% and is FDIC insured. it's technically a money market account.
my paypal account has an interest rate of 5.05% but is NOT FDIC insured. the rate can fluctuate as well though historically it has increased since 2001. it is also a money market account i believe.
would it be worth my while to transfer my savings into my paypal account? lets say my savings is $2000 for all intents and purposes. opinions? i'd just be afraid to have a loss, and with my luck that's bound to happen...
my savings has an interest rate of 0.10% and is FDIC insured. it's technically a money market account.
my paypal account has an interest rate of 5.05% but is NOT FDIC insured. the rate can fluctuate as well though historically it has increased since 2001. it is also a money market account i believe.
would it be worth my while to transfer my savings into my paypal account? lets say my savings is $2000 for all intents and purposes. opinions? i'd just be afraid to have a loss, and with my luck that's bound to happen...