Best Money Market Account Interest Rates As of Jan. 21, 2025, the national average rate for money market accounts was 0.64%, according to the FDIC. One of the best high-yield savings accounts might offer higher APYs. What Is a Money Market Account? A money market account is a type of...
Yields on deposit accounts, such as money market accounts, tend to move with the Fed’s interest rate moves. Banks usually increase their yields when the Fed raises rates, and they lower yields when the federal funds rate declines. On Dec. 18, during the Federal Reserve’s latest meeting,...
ll keep cutting—we’re likely to see at least one more rate reduction this year, and then more cuts next year. That could lower the Fed rate a full percentage point or two, which would push rates on money market accounts down by a roughly similar amount." ~Sabrina Karl, Investopedia ...
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...
Best CD Rates in 2025 Best Money Market Accounts in 2025 Best Checking Accounts in 2025 Best Bank Account Bonuses in 2025 Are Online Banks Safe? Online banks are insured by the Federal Deposit Insurance Corp., just like brick-and-mortar banks. With online credit union accounts, the National ...
Money Market Accounts – Reviews Although the money market accounts on this list feature the best rates and terms, there are some differences among them. For example, factors like minimum deposit requirements can vary, and money market accounts often have their own unique perks. ...
When it comes to your savings, which is better: a money market account or ahigh-yield savings account? Money market accounts usually offer a higher interest rate than traditional savings accounts. But both money market and high-yield savings accounts can earn high rates. Why choose one over ...
Money Market accounts often require higher minimum balances to earn the rate. 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 Chec...
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 rates are competitive with the best high-yield savings and many online institutions offer great rates, low minimums and low fees — so you can have your cake and eat it. What is a money market account? Money market accounts offer higher interest-earning possibilities tha...