Best Money Market Account Interest Rates As of Nov. 18, 2024, the national average rate for money market accounts was 0.60%, 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...
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...
The best money market accounts offer high APYs, low account minimums, and no monthly fees. Here are the best money market rates today, picked by our team of financial experts.
Find the best money market account for your financial goals based on interest rates (APY), monthly fees, ATM access, and other features.
With inflation cooling, thecut the interest rate by 50 basis points at its meeting on September 18th, 2024, and it has hinted at further rate drops in the near future. The Fed’s decision to begin cutting rates can indirectly lower the yields of money market accounts, as these accounts 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 11/24/24: The rates have changed. See below. Update 9/25/2024: The rates are now up to 3.95%. Update 1/19/2024: Rates… ...
Money market accounts are interest-bearing accounts at a bank or credit union. These accounts usually have higher interest rates than traditional savings accounts and aresafe options to save your moneyfor short-term savings goals. Money market accounts differ from traditional savings accounts, as they...
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 ...
Updated December 06, 2024 Fact checked by Maddy Simpson The best money market account rate is 4.85% APY at Brilliant Bank. That's more than eight times the FDIC's national average for money market accounts of 0.60% APY, and is just one of 15 or more top rates you can find in our ra...