Paypal Money Market

United States
December 8, 2008 10:23am CST
Have you joined the Paypal Money Market? It's free through Paypal, and you can earn interest on your balance every month. I joined it awhile back, probably over a year ago. But I don't leave much money in my account. Usually I withdraw it to my checking account as soon as it's in Paypal. The most I've ever made off the Money Market is like a penny. But anyone who has joined the Money Market, and has left money in their account, I'd like to know if you've ever lost money this way? After Christmas I plan on leaving all my money in Paypal to help save up for next holiday season, but I worry about whether or not I'll earn or lose money with the Money Market account.
1 response
@lilybug (21182)
• United States
8 Dec 08
I have not done it yet. I have thought about it. Especially now that I have several hundred going into my PayPal account every month. Not too much of it rolls over into the next month, but some of it does. I think it is possible to lose money, but I am sure it would not be a whole lot even if you did.
• United States
8 Dec 08
I have thought about doing paypal money market but as of now I still am not making what I want to in a month yet. What is the rate on that anyway? Does it vary or is based on an amount of the balance? Cool post.