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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 ...
Discover’s Money Market account interest rates are much higher than the national average of 0.64%. Even though rates are excellent, you can still find higher rates at other banks .
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.
The money market is a component of the economy that provides short-term funds. The money market deals in short-term loans, generally for a period of a year or less. As short-term securities became a commodity, the money market became a component of the financial market for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less.
This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market. [1] The main participants in this market are the larger international banks.
Sallie Mae Bank: Money Market Account. 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 ...
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