Unless you’ve been hiding out in the mountains with no access to the Internet, TV or radio, you are aware of what’s been going on with Wall Street. Namely, the stock market has been up and down like a drunken yo-yo. Such volatility is nothing new, but it’s definitely not for the faint-of-heart – and unless you are quick and willing to be ruthless, chances are you are going to lose a lot more than you’ll make.

There are other, more stable investment vehicles available, of course, such as municipal and government bonds. These are essentially “loans” that you make to a governmental body, which is paid back to you when the bond “matures” – usually many years later (those who are old enough may remember that the U.S. financed World War II in part by issuing bonds). While these are extremely safe investments, they lack liquidity. This means, if you need access to quick cash, you won’t be able to draw on these instruments.

Other, similar safe investment vehicles such as IRAs can be drawn on – but only with substantial penalties.

What you need is an investment vehicle that offers both stability and flexibility – such as a Money Market Account from Wayne Westland Federal Credit Union. Unlike bonds and other types of investment accounts, there are no maturity terms on money market accounts. This means that if you need quick access to emergency cash, you can get it without having to worry about having to pay penalties.

Like a savings account, you earn dividends on your money market account based on a percentage of the balance. Best of all, your account is insured by the NCUA for up to $250,000 – just like your other accounts.

It’s easy to get started with a money market account – and you can open one for as little as $2500. To learn more, log on to http://www.wwfcu.org or call one of the knowledgeable Member Service Representatives at Wayne Westland FCU at  734.721.5700 today.