Whenever you are going to invest your money in the stock market, you are going to need a stock broker. When you choose that broker and send some money to them to invest it is placed in something called a money market fund, waiting to be invested.
This money market fund actually earns you interest money while it is just sitting there. Therefore, if you did not invest any of the funds that you sent to your broker, you would still make a tiny percentage in interest. There are some times where you do not want to be overly invested in the stock market, and thus you would want to have a majority of your money parked in a money market account.
If you are going to have your money sitting on the sidelines earning interest for you then you might as well get as much interest for your money. To do this, you are going to need a high yield money market.
The brokers that are more likely to have this kind of money market fund are those that are in desperate need of money. When you send your money into a money market fund it is the same thing as lending that money to the broker, and thus the reason for the interest earned. If the broker is in need of the money, then they are likely to offer better rates for their money market funds than other brokers. You must carefully pick a broker that is offering a good rate and one that will actually get your money to you.
If you pick up this right combination of a broker, then you are probably going to want to put your non investment money with them. Money market funds are not the best investments for long term growth, but they are great during times of recession.
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