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-...
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 t...
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 savings accounts might offer higher APYs. What Is a Money Market Account? A money market account is a type of...
Find all the best Money Market Rates for 2022. A Money Market Account (MMA) is a type of savings account that usually earns a higher amount of interest than a basic savings account.
Discover offers a popular money market account option that's available online and earns a competitive rate. Get the details below. Update 1/3/2025: The rates have changed. See below. Update 9/25/2024: The rates are now up to 3.95%. Update 1/19/2024: Rates… ...
In 2023, money market funds saw steady inflows due to theFederal Reserve's rate hikeswhich increased yields in fixed-income securities, making them more appealing than parking cash in a bank account where higher savings rates often took time to materialize.1These funds also gained in popularity...
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 ...
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...
Money market funds invest in short-term securities and offer investors additional return above what they’d earn by holding cash. Investors should be aware that money market rates can respond quickly to changes in interest rates.— James Royal, Ph.D., Bankrate Investing and Wealth Management Prin...
How do money market rates work?With money market accounts, you’re paid interest on your deposits that might be compounded daily, monthly, quarterly or yearly. Rates are reflected in a bank’s annual percentage yield, which determines the amount of your return. For example, if you make a ...