PayPal is ending it's money market fund. It's no big deal, though. Their rate dropped less than 1%. It used to be 6% when I first enrolled 10 years ago.
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Thanks for using PayPal and the PayPal Money Market Fund. Unfortunately, we’ve decided to close the Money Market Fund, effective 7/29/11.
What does this mean for you? PayPal will transfer any undisbursed dividends you’ve earned into your PayPal account within 7 business days after we close the fund. Don’t worry; you don’t have to do a thing.
Your 2011 tax documents will continue to be available on the Fund Summary page in your PayPal account throughout 2012. You’ll receive a tax statement from PayPal only if you’ve earned $10 or more in dividends in 2011.
Thanks for your understanding,
PayPal
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Enrollments are closed:
https://www.paypal.com/cgi-bin/websc...rcom&outside=1
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