How much would I need to invest in a money market account to earn $1,000 in one year?
|5 years ago:||$22,000|
|Now (October 2012):||$3,300,000|
That really puts returns into perspective. The national average for money market accounts was 4.54% in October 2007 and 0.03% in October 2012 according to BTN Research. Most money market rates we saw in October seemed closer to 0.01%; which means you would actually need to invest $10,000,000 to earn $1,000 in one year.
Source: BTN Research