The PayPal Money Market just keeps on dropping. Today, it's down to 4.76%. It's making me wonder if I should just pull out or hang in there, hoping for a rise. This still beats savings accounts at local banking institutions, but I'm not real pleased with this continued decline.
I'll watch this a little while longer and if it drops to near savings account interest rates, I'll probably drop it. The idea is to earn money, not lose it. Since Money Market isn't FDIC insured, I actually could stand to lose a lot on deep declines.
I'll sit it out a little longer before I make a final decision, though.
