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Friday, June 16, 2006

Money market fund earns good return

Here is the return on our money market fund, net of expenses, during the past 12 months:


3 months to:
31 Aug 05 0.47%
31 Nov 05 0.45%
31 Feb 06 0.67%
31 May 06 0.74%


The interest rate has been increasing during the past year. The interest for the latest period is 0.74% for 3 months, or 2.96% per year.

Interest rate is likely to increase over the next few months. The return from the money market fund is likely to exceed 3% (but not guaranteed).

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