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And with the Federal Reserve's back-to-back lowering of benchmark interest rates last year and at least two more cuts planned in 2025, ... Benefits of a money market account. High rates of return.
Sallie Mae Bank: Money Market Account. Why it stands out: The Sallie Mae Bank Money Market Account has a $0 minimum deposit, no monthly fees, and 0.50% annual percentage yield. Plus, the minimum ...
This article provides the most up-to-date average money market account annual percentage yield, which is 0.49 percent, and insight as to why knowing the average money market account rate is important.
Here are a few places to start when comparing money market accounts for the best MMA rate: Vio Bank — 5.30% APY; $100 minimum deposit. UFB Direct — 5.25% APY; no minimum deposit.
At the conclusion of its eighth and final rate-setting policy meeting of the year on December 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...
As the Fed rate rises, so do APYs on savings accounts, CDs and money market accounts — with today’s rates on the best high-yield savings accounts topping 4% APY.