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.
Thanks for using PayPal and the PayPal Money Market Fund. Unfortunately, weíve decided to close the Money Market Fund, effective 7/29/11.
What does this mean for you? PayPal will transfer any undisbursed dividends youíve earned into your PayPal account within 7 business days after we close the fund. Donít worry; you donít 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. Youíll receive a tax statement from PayPal only if youíve earned $10 or more in dividends in 2011.
Thanks for your understanding,
Enrollments are closed: https://www.paypal.com/cgi-bin/websc...rcom&outside=1