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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.
As the Fed rate rises, so do APYs on savings accounts, CDs and money market accounts — with today’s rates on the best high-yield savings accounts topping 4% APY.
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 ...
While money market accounts are great for saving and managing your money, it’s important to remember that a money market account is not considered an investment tool, and to build a long-term ...
If you left your account as is for another year, you’d have earned another $309 in interest — $300 on your initial deposit and another $9 on the interest reinvested from year one — for a new ...
The site was founded in 1999 by Clark Schultz and has been frequently cited by major news outlets, including the Wall Street Journal, [1] the New York Times [2] and MSN Money. [3] Site features include its America's Best Rates series, a quarterly survey of bank interest rates, and its annual Best and Worst States for Retirement articles.
First Internet Bank: Money Market Account. Why it stands out: The First Internet Bank Money Market Account has a $5 monthly fee (waived if your account balance is $4,000 or more) and 0.50% annual ...
A money market account is a good idea if you need immediate access to savings from time to time without running to the bank or transferring funds between accounts, a money market account is a good ...