The Fed is expected to cut rates again, but for now these money market funds are yielding up to 4.7%.
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Money market accounts are very different from money market funds. A money market account is a banking instrument. A money market fund is an investment product. Money market funds are a type of mutual fund that invests in cash and cash-equivalent securities. Money market accounts may include "...
Current money market rates As of Dec. 16, 2024, the national average money market yield is 0.66% according to the Federal Deposit Insurance Corp. The best money market rates are competitive with the best high-yield savings and many online institutions offer great rates, low minimums and low ...
Rates are likely to increase even more. “Going forward with the ongoing risk of inflation, a strong housing market, and future policy changes by the Fed, interest rates are expected to move higher,” says Judith Raneri, a money fund portfolio manager at Gabelli Funds, based in Rye,...
Today's high interest rates are a welcome environment for income-seeking investors — especially those who are considering investing in money market mutual funds. Money market mutual funds are investment vehicles that invest in high-quality, short-term debt securities, and pass the interest payments...
First things first: Personal finance experts recommend buying the funds directly from the mutual fund company rather than through a brokerage account to save money on fees. Alternatively, opening a brokerage account with a mutual fund company can also keep costs low. For example: You can buy Fid...
Standout benefits: Any uninvested funds are put into the Vanguard Federal Money Market Fund by default, which can provide a better return than some competitors' default 0.01% options. [ Jump to more details ] More on our top free stock-trading apps Robinhood Robinhood offers a library of edu...
The best money market accounts of 2025 are easy to open and use while offering a high return rate. The following banks made our ranking based on their money market rates and other considerations: Discover BBVA CIT Bank Save Better Axos Bank ...
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-...