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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.
High-yield savings rates for July 8, 2024. Today’s best savings rates are at FDIC-insured digital banks and online accounts offering yields of up to 5.30% APY with low or no minimums at Western ...
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.
In addition, MoneyRates.com Senior Financial Analyst Richard Barrington, CFA, who was brought onto the company's team in 2009, [7] is a frequently interviewed source on personal finance topics for major publications, including USA Today, [8] U.S. News & World Report, [9] MarketWatch, [10] and National Public Radio's Marketplace. [11]
High-yield savings rates for October 28, 2024. Today’s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 5.25% APY with no minimums at Patriot ...
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