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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 ...
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.
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 ...
Money market funds are considered to be low-risk investments that offer current income based on the prevailing level of interest rates. Money market funds aim to maintain a net asset value, or NAV ...
BanxQuote was a provider and licensor of indexes and analytics, which were used as a barometer of the U.S. banking and mortgage markets. Its bank rate website and consumer banking marketplace featured daily updated market rates on banking, mortgage and loan products in the United States, until its close in 2010.
Vita Nelson first had the idea for The Moneypaper in 1981, shortly after selling her previous publishing venture, Westchester Magazine, in 1980. [2] With the help of publisher Joyce Gruenberg, Circulation manager Lucy Banker, and Executive Editor Mark Fowler, the first issue of The Moneypaper was published in April 1982, with the subheading “A Financial Publication for Women.”
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 rates, and in other cases, it will be ...