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This article provides the most up-to-date average money market account annual percentage yield, which is 0.49 percent, and insight as to why knowing the average money market account rate is important.
Discover’s Money Market account interest rates are much higher than the national average of 0.64%. Even though rates are excellent, you can still find higher rates at other banks. For example ...
Money market accounts offer a unique way to save and spend your money. They act as a mix of a savings account and a checking account. This means you can earn interest on your money market account ...
Money market accounts advertise annual percentage yields (APYs), which shows your total yearly return including compound interest – when you earn interest on your previous interest. For example ...
Reducing the federal funds rate makes money cheaper, allowing an influx of credit into the economy through all types of loans. The charts referenced below show the relation between S&P 500 and interest rates. July 13, 1990 – Sept 4, 1992: 8.00–3.00% (Includes 1990–1991 recession) [21] [22] Feb 1, 1995 – Nov 17, 1998: 6.00–4.75 [23 ...
The site was founded in 1999 by Clark Schultz and has been frequently cited by major news outlets, including the Wall Street Journal, [1] the New York Times [2] and MSN Money. [3] Site features include its America's Best Rates series, a quarterly survey of bank interest rates, and its annual Best and Worst States for Retirement articles.
The average money market interest rate as of Oct. 16, 2023, was just 0.65% but you can find higher rates if you do some research. For instance, you can open a jumbo money market account and earn ...
The FOMC left rates unchanged the day after the Bankruptcy of Lehman Brothers. Official Statement: August 5, 2008 2.00% 2.25% 10–1 The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Official statement: April 30, 2008 2.00% 2.25% 8–2 The FOMC cut rates by 25 basis points.
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