Paypal Money Market Rate - A Very Competitive 5.02%

I just discovered that PayPal offers a very competitive money market rate. I discovered this in Tim Middleton’s article on MSN from 6/20/06 (rate information is 7 months old now but the article is still very informative) In this weird world, cash beats stocks. I immediately went to my PayPal account and found you have to provide an SSN and acknowledge reading the prospectus and your immediately making a very competitive 5.02% (as of 1/16/07) rate on your cash remaining in the PayPal account.

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