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...
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...
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...
those considering an insured high-yield savings account should be aware that, as the Fed cuts rates, [rates] on investments such as high-yield savings accounts and money market funds will fall almost in lockstep,” saidEd Mahaffy, president and senior portfolio manager at ClientFirst Wealth Mana...
The Fed is expected to cut rates again, but for now these money market funds are yielding up to 4.7%.
1) Quontic Bank Money Market Account 2) CIT Bank Money Market 3) Axos Bank High Yield Money Market Money Market Account vs High-Yield Savings Account Summary of Best Money Market Account Rates Today Here’s a quick overview of the best money market account rates. ...
Bankrate’s top money market rates are more than 9 times today's national average APY. What's more, money markets typically offer check-writing privileges, which give you more flexibility when withdrawing your money. Read more Current money market trends Bankrate Partner average 3.8% APY ...
Where To Get The Best Interest Rates Find which banks have the best savings account and money market accounts with high interest rates! Find the highest savings interest rates and open an account today. Update 1/2/25: We’ve updated our list with the latest bank rates. In addition to this...
The best money market accounts offer high APYs, low account minimums, and no monthly fees. Here are our financial experts' best money market rates today.
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-...