Discover's Money Market account gets you high interest rates, no fees and lets you access your cash via ATM, debit card and checks. Open a money market account today.
aMoney market accounts typically offer higher interest rates than regular savings and checking accounts do, but they also typically carry additional restrictions. Some money market accounts have higher minimum balance limits, some have restrictions on the number of transactions you can complete in a ...
View our latest personal deposit rates for money market accounts, savings, and certificate of deposit (fixed and variable rate).
Other deposit accounts to save and grow your money If you have money you want to store away, you have more options than a savings account: Money market accounts (MMAs): Often offer higher rates than traditional savings accounts and may come with check-writing privileges. Certificates of deposit...
CD rates haven’t always been stagnant. Bankrate takes a look at the days when CDs were a much more lucrative investment.
If you’re wondering how to profit from rising interest rates, these savings vehicles could earn more interest: Savings accounts Certificates of Deposit (CDs) Money market accounts IRA CDs IRA savings accounts You can take advantage of highersavings interest ratesand get the most from your savings...
Money Market Accounts Money market accounts are similar to savings accounts offered by banks and other financial institutions, but which generally require a higher level of deposit – for which the banks pay higher rates of interest. Funds deposited into money market accounts are protected by the ...
Below, CNBC Select shares some financial steps to consider before interest rates decline. Click here to view interactive content Open a high-yield savings account When the Fed lowers the federal funds rate, the annual percent yield on savings accounts typically drops in tandem. Even so, a high...
The money market is a part of the financial market in which investors trade assets that are low-risk, highly liquid, and quickly mature within a short time (usually one year). The money market has lower interest rates compared to other investments, though higher than most savings accounts. A...
According to the Federal Deposit Insurance Corporation (FDIC), accounts that usually earn the highest interest rates are money market accounts, traditional savings accounts, and certificates of deposit (CDs).1 A bank earns what is known as a spread, which is simply the difference between what ...