Date: Fri, 30 Mar 2007 14:02:28 -0500
From: darkness39@yahoo.com
Newsgroups: misc.invest.financial-plan
Subject: Re: question about savings, wanting suggestions.
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On Mar 29, 2:43 pm, "CB"  wrote:
> wow you guys are great. thanks for all the quick answers. ill check
> out vanguard. that sounds exactly like what i want. are all money
> market accounts like this? also is vanguard insured? i dont wanna lose
> any money. you said 5% payed per month. is that 5% yearly payed in
> monthly increments, or 5% per month?
>
> thanks guys.

PS

5% would be 5% per annum.  It depends on the account whether that
interest is paid once a month (ie about 0.4% per month) or less often.