Make Your Cash Work Harder: Take Advantage of Our Money Market Account
By: Dustin A. Husarik, CFP®
Executive Vice President – Financial Advisor
Magnan Family Wealth Management
In today’s interest rate environment, not earning interest on your cash is like paying a silent fee to your bank. For example, if you’re holding $100,000 in a non-interest-bearing account instead of our money market, you’re missing out on $4,200 a year. That’s essentially a $350/month fee for… nothing. We believe your cash should be working as hard as you do.*
Our money market account offers a competitive yield with no lock-up period, giving you flexibility alongside attractive returns. It’s important to know, though, that this yield can fluctuate with interest rates. As rates rise or fall, the yield on the account adjusts accordingly.
Beyond the higher yield, there are other practical benefits of consolidating your cash with your investments. Instead of managing multiple bank accounts and collecting 1099s from various institutions during tax season, you’ll receive one consolidated 1099 and have one place to view and manage your full financial picture. It’s streamlined, simple, and efficient—especially for those who like to stay organized.
If you’re looking for a fixed interest option, Certificates of Deposit (CDs) can also be a strong alternative. With CDs, you lock in a rate for a set term—great if you think rates may fall in the near future or you want predictable returns. We offer access to a marketplace of CDs from banks across the country, allowing us to shop for the best available rates on your behalf. Even better, we can help you structure CD purchases to ensure your entire balance stays within FDIC insurance limits, giving you safety along with yield.
Whether you’re building a cash reserve, planning for an upcoming purchase, or just want a better home for idle cash, our money market account could be the solution you’ve been looking for. Don’t let your cash sit quietly while inflation and opportunity costs chip away at its value. Let us help you put it to work.
Executive Vice President – Financial Advisor
Magnan Family Wealth Management
If you’re holding a significant amount of cash in a checking or savings account, chances are it’s not earning much—if anything at all. Our money market solution offers a smarter way to hold your cash while keeping it accessible.
In today’s interest rate environment, not earning interest on your cash is like paying a silent fee to your bank. For example, if you’re holding $100,000 in a non-interest-bearing account instead of our money market, you’re missing out on $4,200 a year. That’s essentially a $350/month fee for… nothing. We believe your cash should be working as hard as you do.*
Our money market account offers a competitive yield with no lock-up period, giving you flexibility alongside attractive returns. It’s important to know, though, that this yield can fluctuate with interest rates. As rates rise or fall, the yield on the account adjusts accordingly.
Beyond the higher yield, there are other practical benefits of consolidating your cash with your investments. Instead of managing multiple bank accounts and collecting 1099s from various institutions during tax season, you’ll receive one consolidated 1099 and have one place to view and manage your full financial picture. It’s streamlined, simple, and efficient—especially for those who like to stay organized.
If you’re looking for a fixed interest option, Certificates of Deposit (CDs) can also be a strong alternative. With CDs, you lock in a rate for a set term—great if you think rates may fall in the near future or you want predictable returns. We offer access to a marketplace of CDs from banks across the country, allowing us to shop for the best available rates on your behalf. Even better, we can help you structure CD purchases to ensure your entire balance stays within FDIC insurance limits, giving you safety along with yield.
Whether you’re building a cash reserve, planning for an upcoming purchase, or just want a better home for idle cash, our money market account could be the solution you’ve been looking for. Don’t let your cash sit quietly while inflation and opportunity costs chip away at its value. Let us help you put it to work.
* This information is hypothetical and is provided for informational purposes only. It is not intended to represent any specific return, yield, or investment, nor is it indicative of future results.
*Unlike money market funds, CDs are federally insured and offer a fixed rate of return. Money market accounts seek to maintain fixed principal, but rate of return will fluctuate.
*Generally, CDs may not be withdrawn prior to maturity. CDs are FDIC insured up to $250,000 per depositor per insured depository institution for each account ownership category. CDs may be issued by out of state institutions.
*Wells Fargo Advisors Financial Network is not an FDIC insured depository institution. Deposit products provided by Wells Fargo Bank, N.A., Member FDIC. Deposit insurance only protects against the failure of an insured depository institution.