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How we calculate the national average interest rates. In June 2023, Bankrate updated its methodology that determines the national average CD rates. ... Compare current money market account rates ...
Money market accounts (MMAs) Money market funds (MMFs) Provider. Banks and credit unions. Investment firms and brokers. Insurance. FDIC or NCUA up to $250,000
Money market funds vs. money market accounts. You may have seen banks or credit unions reference money market accounts and wondered if these are the same thing as money market funds. The answer is no.
Best money market accounts and rates. Compare options to make sure you’re really getting the best bang for your savings buck, based on your needs.
You can earn interest: Right now, the best money market accounts pay around 4 to 5 percent annual percentage yield (APY), even outpacing inflation. Deposits are insured: Your money is insured for ...
A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets. [1] The interest rates paid are generally higher than those of savings accounts and transaction accounts; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest.
Money market accounts have gained popularity over the past few years as interest rates have risen across all deposit accounts. The most competitive rates surpass a 4 percent annual percentage ...
First Internet Bank: Money Market Account. Why it stands out: The First Internet Bank Money Market Account has a $5 monthly fee (waived if your account balance is $4,000 or more) and 0.50% annual ...