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Opening a money market fund may require a smaller minimum balance than money market accounts. Many funds let you begin with $500 to $3,000. However, getting money in and out takes a bit longer ...
Best savings account/money market account bonuses. ... The BMO Smart Money Checking account has a $5 monthly service ... Watch out for high minimum balance requirements and monthly fees that could ...
A money market account may be the best fit for account holders who want to earn a higher APY and have some (but not unlimited) access to their funds. ... The BMO Relationship Checking account ...
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 within a money market account is insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration for up to $250,000 per person, per account.
Minimum balance may be required. 1. Money market accounts offer competitive APYs ... Yet a high-yield savings account can also be a great way to store your money, and you can avoid the minimum ...
Why it stands out: The Sallie Mae Bank Money Market Account has a $0 minimum deposit, no monthly fees, and 0.50% annual percentage yield. Plus, the minimum balance to earn that APY is only $0.01 ...
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.