Reasons To Invest In A Money Market
Money markets offer several unique perks that can make them attractive options for individuals looking for a safe place to put their funds. Here is a quick look at some of the top reasons to invest in a money market account.
- They Offer A Guaranteed Interest Rate
- Investing in the stock market gives you access to higher interest rates, but these higher rates come with a higher risk. Money market accounts let you store your funds and relax in the assurance that you will get rewarded financially for storing your money there.
- They Offer a Convenient Place To Keep Your Money While Keeping Your Funds Liquid
- The problem with investing is that it often requires you to lock your money into the investment accounts for a set amount of time. Because money market accounts are essentially savings accounts with higher interest rates, they offer a place to get something for your money while still having access to your funds.
- They Offer A Safe Place To Store Your Funds
- Having a surplus funds is certainly a blessing, but it comes with its fair share of decisions and responsibilities. Successful men and women have to decide what investment options offer a safe, lucrative place to put their money. Money markets offer a great solution for people who find themselves in this position!
Invest In A Money Market With First Bank!
Convinced? Stop by and see our bank at the Lake of the of the Ozarks about how you can invest in a money market locally! We're currently offering some outstanding rates on our money market accounts:
- 0 - $24,999.99 ~ .10% APY
- $25,000 - $49,999.99 ~ .15% APY
- $50,000 - $99,999.99 ~ .25% APY
- $100,000 and up ~ .50% APY
If you have any questions about money markets at the Lake of the Ozarks or how First Bank of the Lake can help you get your new account established, feel free to stop by our bank location or give us a call! We would be happy to assist you in any way we can.
* $5,000 minimum to open. Penalty for early withdrawal. Other terms and conditions may apply. Contact bank for more details.
First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.
Located at the entrance to the Osage Beach Premium Outlets!
4558 Osage Beach Parkway, Suite 100
Osage Beach, MO 65065