ANSWERS: 5
  • Money Market Funds. Though they are technically not guaranteed, and of course are not backed by the government, mutual funds have always done whatever they had to to prevent "breaking the buck". That means that the mutual funds will make sure that the value of each dollar in the Money Fund will not drop below one dollar value. The interest earned will vary among the mutual fund companies. Usually, they will pay a higher interest than a savings account.
    • mushroom
      Except of course in 2008, when Reserve Funds lost value following the failures of Bear, Freddie, Fannie and Lehmann. Never say never.
  • A credit union! They aren't FDIC insured, but they are typically insured through NCUA (National Credit Union Administration) or through the NCUSIF (National Credit Union Share Insurance Fund).
  • under your mattress
  • I've got my extra cash in a money market account at The Vangaurd Group.
  • maybe under your bed

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