PayPal Money Market Fund

@Rumble (523)
United States
November 1, 2006 8:01pm CST
I put my paypal account balance into this fund a week ago and its already made me over a dollar. Currently its at 5.03% which is better than a bank. Is there anyone else here that has done this as well
4 people like this
19 responses
@melody1011 (1664)
• India
3 Nov 06
IS there anyway we can lose this money?? Is the money dependent on the stock market?? i.e if the value drops we cld lose the whole thing?? I'll be looking into it but since you already are into it i was wondering if you knew
2 people like this
@Rumble (523)
• United States
3 Nov 06
Read their prospectus then decide. Yes it is possible to lose money with the fund just like any other investment you have.
1 person likes this
@sedel1027 (17854)
• United States
2 Nov 06
I am not using the PayPal one, but I am using a high interest savings account through my finaces credit card company which has about the same amount of interest. I would not use it for a long term investment. There are better ways to invest your money.
2 people like this
@Rumble (523)
• United States
2 Nov 06
I have an IRA account through work and currently Im using my paypal account as a way to save money for a new garage. That way its not easy to get to.
1 person likes this
• United States
2 Nov 06
Interesting, maybe I can enhance all these hefty mylot earnings with that nice fat 5.03% interest rate PayPal's offering.
@manzician (4734)
• India
2 Nov 06
Sounds good... I'll try it too...
1 person likes this
@Rumble (523)
• United States
3 Nov 06
You might as well earn something on it.
1 person likes this
• Netherlands
3 Nov 06
yes, same here. Does anyone have a link to that fund? And is it part of paypal or is it just a group of investors that use the name to become popular?
@Rumble (523)
• United States
4 Nov 06
Just login to your paypal account. It is an option in paypal.
1 person likes this
@KrauseHome (35529)
• United States
2 Nov 06
I've never heard of this... Is it something New, and worth considering, or just another SCAM tactic?
@Rumble (523)
• United States
2 Nov 06
Its seems to be legit, Ive made money already so Im happy with it.
1 person likes this
@Rumble (523)
• United States
3 Nov 06
There is no fee to do this.
1 person likes this
• United States
3 Nov 06
I looked at the fees on the prospectus. I don't understand all of the fees and expenses. So I think it's best if I don't invest.
1 person likes this
@sbeauty (5870)
• United States
3 Nov 06
I guess I haven't been paying enough attention to PayPal, but since I haven't had any money in it for awhile, that makes sense. Is there any fee for taking money back out of the money market fund? Or can you get it on demand just like from your regular account?
1 person likes this
@Rumble (523)
• United States
3 Nov 06
There is no fee. Its just like your regular paypal account you can withdraw it or purchase an item with it.
1 person likes this
@j_thomas (961)
• India
2 Nov 06
Hey that's intersting can u tell me link and how join it
1 person likes this
@tvnaresh (1583)
• India
2 Nov 06
me too....
1 person likes this
@DFrodeo06 (1325)
• United States
2 Nov 06
well i use ing.com savings with a 4.25% interest and i'm happy with them
1 person likes this
@Rumble (523)
• United States
3 Nov 06
Thats good, at least you are not letting it sit around and doing nothing with your money.
1 person likes this
@dlufel (424)
• Australia
2 Nov 06
Can you tell me the site? It seems to good to be true. But i wanna have a go.
@Rumble (523)
• United States
3 Nov 06
Just login to your paypal account.
1 person likes this
• United States
5 Nov 06
If it's not FDIC insured then i'll stick with my bank
1 person likes this
• United States
5 Nov 06
Well I just went and read the information they have on it, and I think that there are more risks than NON-Risks with this program at the current moment...Not saying that they cant turn it around and make better for all, but it highly unlikely that it will ever be approved by any commission..Plz READ all information before agreeing to sign up with them..
@borg_queen (2535)
• Philippines
5 Nov 06
money money money - I want
The to this kind of thing is never invest more than you can afford to lose.
@NJmom2002 (189)
• United States
5 Nov 06
I just recently moved my money from my sells from Ebay into the Money Market account.. I will see how much I make overall next month though..
1 person likes this
@marciascott (25554)
• United States
4 Nov 06
How much did you put in the market fund to get a dollar?
1 person likes this
• United States
3 Nov 06
I keep money in PayPal because they do pay a very good return and have been doing it for years. It should be noted though that you money is invested in a money market mutual fund and you incur the investment risk - there is no Federal Deposit Insurance Corporation (FDIC) insurance for your account like you have when you put your money in a bank. However, I think the risk of losing the money with PayPal is very slight so I leave part of my funds with them.
1 person likes this
• India
3 Nov 06
plz give me more details abt it.. i'm intrested in paypal money market fund.. i dint find any fund link below my balance.. all i can see is add funds .. can u plz provide step by step procedure so tat it will be helpfull to everyone who wants to do this. thanks for the information
1 person likes this
@lingli_78 (12844)
• Australia
3 Nov 06
i never know this before... thanks for sharing it with us...
1 person likes this
@carlennj (593)
• United States
2 Nov 06
Please give me the link of this fund. Thanks!
• Janesville, Wisconsin
11 Nov 06
I have some money offline. But I do not have a bank account. Can you have a paypal account without a credit card or a bank account?
• Janesville, Wisconsin
11 Nov 06
I found my answer to that :).. In another post. Thanks, and Sorry :).
• Janesville, Wisconsin
16 Jun 07
ok new question can you add your paypal money to a money market if your pay pal account is not connected to a banking, checking, or credit card account? - DNatureofDTrain