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A money market account is a type of interest-bearing account that combines the strong rates of a high-yield savings account with the features of a checking account. MMAs offer rates of 4.5% APY or ...
Also, money market account interest rates fluctuate based on the prime rate, so you might be better off locking your savings into longer-term CDs when interest rates are high.
A money market account is a savings account, so you will not lose money based on fluctuations in the stock market. However, some money market accounts have monthly fees to watch out for. Which is ...
Money market. 0.64%. 0.66%. Down 2 basis points. 1-month CD ... Fixed rates don't fluctuate when, say, the Fed rate changes, while variable APYs do. ... Banks charge higher interest rates on money ...
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.
The interest rate offered by a money market account will vary from bank to bank. In some cases, the rate will be higher than the bank’s savings account’s rate, and in other cases, it will be ...
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