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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.
CIT Bank: Money Market Account. Why it stands out: The CIT Bank Money Market Account has no monthly fees and 0.45% annual percentage yield. Plus, the minimum balance to earn that APY is only $0.01 ...
A money market account is a type of interest-bearing account that combines the strong rates of a high-yield savings account with the features of a checking account. MMAs offer rates of 4.5% APY or ...
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.
In 2014, the firm expanded its market-making offering to interest rate swaps, one of the most commonly traded derivatives. [20] Analysts of U.S. financial markets have been critical of the SEC's decision to exclude Citadel Securities from its 2014, Regulation Systems Compliance and Integrity (Reg SCI) regulatory regime designed to make U.S. securities markets safer for investors; both Citadel ...
A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets. [1] The interest rates paid are generally higher than those of savings accounts and transaction accounts; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest.
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