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...
Some money market accounts charge monthly maintenance fees, ATM fees, transfer fees or inactive account fees.The main drawback with a money market account is that the return you get could be pretty low unless you shop around for the highest APY. Putting your funds into a money market account...
Best money market accounts and rates for January 2025 Note: Annual percentage yields (APYs) shown were updated between Dec. 17 and Dec. 23. All other information is current as of Dec. 23. Bankrate's editorial team validates this information regularly, typically biweekly. APYs may have changed...
Money market accounts $25 minimum opening deposit, 2.01% APY; Accounts under $1,000 will incur a fee Share certificates $500 minimum opening depositTerm lengths from 6–60 monthsAPY rates from 2.90%–4.65% Best money market account for digital banking: Quontic Bank Quontic Bank is a New Yo...
"We got two 1-year CDs because the interest rates were better than what we were earning on our savings accounts. It was very simple to sign up and only took a few minutes at the bank. The time frame for the CD was good; short-term worked for us in case we need the money," said...
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 ce...
Best for Customer Experience: CIT Bank Money Market Account TheCIT Bank Money Market Accounthas a $100 minimum opening deposit requirement and yields 1.55% APY on all balances. That’s higher than the national big-bank average for money market accounts and but one of the lowest APYs on this...
While yields for the very best checking accounts may outpace the best money market account rates, the rates are close enough that that may not be a factor. The main difference boils down to withdrawals and other transactions on the account. An MMA may very well lim...
or the National Credit Union Administration, your savings accounts are insured up to the coverage limit. Helps you put away money for the future. Savings accounts allow you a secure place to put aside money, and many checking accounts allow you to set up auto deposits to your savings ...
Earn interest with a high interest rate account while still being able to access your cash via ATM, debit, or checks. Welcome to the Money Market life. 3.60%APY for balances under $100,000 3.65%APY for balances $100,000 and over