<p>Does anyone have one of these accounts and what do you think of it?</p>
<p>details please…curious if it’s insured by FDIC</p>
<p>I have one, but I don’t really use it for checking. I have my brokerage account with Schwab. The investor checking is FDIC insured and pays a whopping 1% interest! But that is better than a tbill money market fund which pays close to nothing.</p>
<p>I don’t have that one but I have a Capital One money market. It is insured by FDIC and is totally liquid. It is through Costco membership. Interest rate on one account is 2.98 and the other is 2.84 so I think it depends on how much money you have in the account…</p>
<p>I believe that any new money that I put into my money market fund right now is not insured and that is a non-starter and as is stated above the current yields are really low. Also they are supposed to reimburse ATM fees anywhere in the country. Supposedly Kiplinger’s rated it the best checking account in December 2008 and I think that consumer reporter Clark Howard has recommended it.</p>