FDIC or NCUA insured Yes Yes Yes Yes What Is a High-Yield Money Market Account? A high-yield MMA refers to an account with an annual percentage yield in the higher range. Many MMAs may offer rates less than 1%, but high-yield accounts can be twice as high. However, in order to re...
The money market account national average APY is at 0.41 percent, according to Bankrate’s most recent survey of banks. Top money market account yields — generally at FDIC-insured online banks — are more than 11 times the national average. What our industry experts are saying Greg McBride ...
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...
Offers virtually risk-free safety: You cannot lose money on a money market account, and if you open it at an FDIC-insured bank or NCUA-insured credit union, your deposits are federally insured in the unlikely scenario that the institution fails. ...
Money Market Deposit Account - 4.10% APY View Rates No fees $1 minimum deposit 24/7 online access to funds FDIC insuredHow much do you save a month?Do online savings accounts have fixed rates?No, the interest rates for savings accounts are variable. The bank can change them at any ...
You might wonderhow interest works on a savings account. Like money market accounts, you can earn interest on the money you have parked in the account. If you have a savings account with a bank that is FDIC insured, you’ll have that same insurance on your deposits, as was described ...
All the accounts included on this list are FDIC- or NCUA-insured up to $250,000. This insurance protects and reimburses you up to your balance and the legal limit in the event your bank or credit union fails. The rates and fee structures for checking accounts are subject to change withou...
The Fed is expected to cut rates again, but for now these money market funds are yielding up to 4.7%.
The best money market accounts have rates above 5% APY. Here’s how to make your money work harder.
All the banks on this list are FDIC- or NCUA-insured, the latter if a credit union. (See our methodology for more information on how we chose the best six-month CD accounts.) Best six-month CD rates Best for high APY: Bank5 Connect - 4.35% APY Best from a big bank: Marcus by ...