
My PayPal dividend keeps getting smaller and smaller each month, thanks to declining 7-day yield of the money market fund. In the past year, I’ve watched the interest rate on this particular fund slip from a high of 5.23% (or thereabouts) to its current low (since I’ve been involved) of a paltry 2.61%. As a result, my dividend for the month was a mere $11.93, despite the fact that my balance continues to grow.
This totally sucks, but I know I can’t get a better deal anywhere else without tying up my funds for at least 6 months, so there’s really nothing I can do about it. Hopefully things will turn around sometime soon.