Ponce Bank Money Market Deposit Account Member FDIC APY 4.95% Min. Balance to Earn APY $1,500 Learn MoreFrom Our PartnerMore Details Hanover Bank Money Market Deposit Account Member FDIC APY 3.99% Min. Balance to Earn APY $1 Learn MoreFrom Our Partner Sallie Mae Money Market Account Member...
Theaverage national deposit rateon money market accounts is 0.66% as of Dec. 16, 2024, according to the FDIC. However, it’s possible to find much higher interest rates. If you found a competitive money market account with a 5% APY, which some of our winners offer, you would see $50...
The best money market account rate is 4.85% APY at Brilliant Bank. That's more than seven times the FDIC's national average for money market accounts of 0.66% APY, and is just one of 15 or more top rates you can find in our rankings below. Money market accounts are similar to high-...
Perhaps the most important difference between money market funds and money market accounts is that money market funds are not insured by theFederal Deposit Insurance Corporation, or FDIC, whereas money market accounts are FDIC-insured. Money market funds come with very low risk, but there have bee...
Money market accounts at a credit union are not FDIC-insured.If you open a money market account at a credit union, your funds are insured by theNational Credit Union Administration (NCUA). Money market returns are guaranteed.Although money market rates aren’t as high as they once were, the...
The Fed is expected to cut rates again, but for now these money market funds are yielding up to 4.7%.
You can't access your money before your CD term ends Early withdrawal penalty fees apply No physical branch locations View More [ Jump to more details ] Best for a large deposit Popular Direct CDs Learn More Popular Direct products are offered by Popular Bank, a Member FDIC. Annual Percentage...
Are CDs FDIC insured? Yes, certificates of deposit are insured by the Federal Deposit Insurance Corp. (FDIC). The FDIC insures all its members’ bank accounts, including savings, money market accounts, and CDs, up to $250,000 per customer per bank. Therefore, in the rare case of a bank...
Discover Bank, Member FDIC Go with a savings account if… Earning interest is a goal.When debating money market account vs. savings account, know that some savings accounts could offer higher interest rates than you’d find with money market accounts. “Historically, money market accounts have ...
All accounts, such as checking accounts, savings accounts, CDs, and money market accounts each have different benefits, and thus different interest rates. All of the banks listed are FDIC insured, so you can feel at ease as you know your money is secured and earning the highest possible ...