Money Market Account vs. Savings vs. CD Common Features High-Yield Money Market Accounts FAQs Terms Explained Best Money Market Account Interest Rates As of Dec. 16, 2024, the national average rate for money market accounts was 0.66%, according to the FDIC. One of the best high-yield savi...
A money market account can be an ideal place to earn a competitive yield on your savings and often have higher annual percentage yields (APYs) than traditional savings accounts. Bankrate’s top money market rates are more than 9 times today's national average APY. What's more, money markets...
However in return, you will enjoy earning better interest rates. We understand you worked hard for your money and it’s crucial to put your fund in a trustworthy place to earn competitive rates and have access to your funds much quickly than certificates of deposit (CDs). We recommend theM...
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-...
The best money market accounts have rates above 5% APY. Here’s how to make your money work harder.
Looking for the best Best Savings Rates and Money Market Rates? Review the Top High Yield Certificate of Deposit rates. Compare the Best Best Savings Rates and Money Market Rates. FDIC insured Banks. Highest APY Interest Rate. Highest Yield CD Rates.
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...
Lock in CD rates Certificates of deposit (CDs) have fixed rates, so if you take one out now you won't be impacted if APYs start to fall later in 2024. CDs rates often follow the movement of the Fed so their return will decline when the federal funds rate starts to come down. Compar...
Aside from the interest rates, the other main deciding factor will be how you’ll need access to your funds (you’ll have more options with Money Market Accounts). A lot of people consider MMAs more a hybrid Checking/Savings account, with its limited Checking capabilities. Keep in mind, ma...
Money market accounts Money market accounts combine features of savings and checking accounts. The best money market accounts offer rates that compete with high-yield savings accounts, while also usually giving you the ability to use checks and a debit card for limited transactions each month....