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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.
Here are a few places to start when comparing money market accounts for the best MMA rate: Vio Bank — 5.30% APY; $100 minimum deposit. UFB Direct — 5.25% APY; no minimum deposit.
Money market. 0.64%. 0.66%. Down 2 basis points. 1-month CD. 0.23%. 0.23%. No change. ... look to a high-yield savings account or money market account offering a high rate without withdrawal ...
Money market. 0.66%. 0.60%. Up 6 basis points. 1-month CD. 0.23% ... Also called a money market savings account, the rate on an MMA can beat those of traditional savings accounts with the same ...
The UFB Portfolio Money Market account has a tiered variable rate, but it’s currently paying a APY regardless of the account balance. To avoid the $10 monthly maintenance fee, you must maintain ...
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.
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