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- Jun 28, 2005
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I have been seeing that option of "Earn a Return on Your PayPal Balance" for a while in my paypal account but never tried.
Can anyone using this give me a quick idea? Like is this 3.99% monthly or yearly? Is there any risk of this? It seems I might lose money according to what they stated, is there any limitations or just signed in and get the divident every month? I have no idea about this.
Thanks for your input.
When you sign up for the Fund, your PayPal balance will translate into shares of the Money Market Fund, though the function of your PayPal account will not change. You will be assigned shares of the PayPal Money Market Fund automatically, and you will begin to earn monthly dividends. In addition to dividends, you are entitled to participate in events such as shareholder proxy votes.
The current yield is 3.99%*
Can anyone using this give me a quick idea? Like is this 3.99% monthly or yearly? Is there any risk of this? It seems I might lose money according to what they stated, is there any limitations or just signed in and get the divident every month? I have no idea about this.
Thanks for your input.