Does anyone use the money-market feature of Paypal?

[vetteguy]

I've been toying with activating my Paypal account as a money market account. It's currently yielding 1.45%, and has been at or around that for quite a while. Not that I'm in the habit of leaving a lot of money in that account, but combined with my Paypal debit card (which gets you 1.5% cash back on transactions) I thought it might be worth it. Does anyone else use it? Just curious.

 

[Viper GTS]

Do you need immediate access to the money?

How about ING Direct?

2.25%

Not bad for a savings account.

Viper GTS

 

[iamwiz82]

i use it but only get back a few pennies a month since i try not to keep money in it.

 

[vetteguy]

Originally posted by: Viper GTS
Do you need immediate access to the money?

How about ING Direct?

2.25%

Not bad for a savings account.

Viper GTS

Actually I also have an account with them...I signed up back when it was earning 3%-those were the days.

I was planning on using the Paypal account more for my everyday spending, like I do my non-interest checking account now. The added bonus of the cashback is what makes me think more about it.