Find out which savings vehicle is a better investment for your needs and financial situation—a money market account (MMA) or a certificate of deposit (CD).
If market rates rise significantly during the term of your CD, you may need to either leave the funds invested at the lower rate you've locked in or move the funds, potentially risking fees or a loss of interest. This situation can limit the earning potential of your invested funds during...
Money market accounts are deposit accounts offered by many banks and credit unions. Typically, they offer higher interest rates than found with traditional savings accounts. Many banks offer money markets that pay tiered interest rates — the higher your account balance, the higher the interest rate...
Best CD rates Lock in a high rate today. Best savings accounts Let your money work for you. What is the difference between a money market account and a money market fund? While money market accounts and money market funds have similar names, they are very different. Most notably, money ma...
CDs give you guaranteed returns, and often have higher rates than both money market and savings accounts. If rates are high, you can lock in a high APY for the whole term, whereas the APY in savings account could drop at any time. Can I Lose Money in a Savings or CD Account? The ...
Looking for a relatively safe place to stash money and trying to decide between a money market fund and certificate of deposit (CD)? "Right now, both are offering great rates for investors looking to invest some of their short-term money," says Richard Carter, vice president of Fixed ...
Money Market Account vs. Savings vs. CD Common Features High-Yield Money Market Accounts FAQs Terms Explained 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 savi...
Still unsure whether you want a money market or savings account? Discover Bank, Member FDIC Go with a savings account if… Earning interest is a goal.When debating money market account vs. savings account, know that some savings accounts could offer higher interest rates than you’d find with...
Our rankings aim to make your decision-making on a savings, money market, or CD account as easy as possible by distilling the rates data from thousands of deposit products and presenting you with the best-paying options. But the account you choose is still a personal decision. You may alrea...
3% inflation than 5% and 6% inflation – that is why there will be no mad rush to the exits when the Fed starts to lower rates. Few reporters have pointed out the massive income on 6 trillion in MMarkets getting 5%. Even with 100K in a money market that ...