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Money market accounts (MMAs) Money market funds (MMFs) Provider. Banks and credit unions. Investment firms and brokers. Insurance. FDIC or NCUA up to $250,000
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.
TIAA Bank: Yield Pledge Money Market. Why it stands out: The TIAA Bank Yield Pledge Money Market account has no monthly fees and a 0.40% annual percentage yield. Plus, the minimum balance to earn ...
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 (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.
At least one money market yield exceeds 5 percent APY. ... or 100 basis points to a range of 4.25-4.5 percent, some top-yielding deposit account rates at banks and credit unions ...
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