Weighing the options

The London money market was historically where the major financial institutions bought and sold sums of money with each other for fixed periods of time and for fixed rates. The size of the deals in this market, typically in the millions, has historically made this avenue unavailable to individuals. These days, the traditional restrictive access to money markets has lifted, although much of the mystique has not. In today's financial services arena, some banks will make money market accounts accessible to their individual and corporate customers, usually those who have sizeable amounts of mo...