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Some of the banks with the highest money market rates right now include Brilliant Bank, Vio Bank, and UFB Direct. Rates are subject to change; unless otherwise noted, rates are updated ...
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.
The CME FedWatch Tool, which measures market expectations for Fed fund rate changes, projects an 95% chance the Fed will cut rates by a quarter percentage point to a range of 4.50% to 4.75% at its ...
The site was founded in 1999 by Clark Schultz and has been frequently cited by major news outlets, including the Wall Street Journal, [1] the New York Times [2] and MSN Money. [3] Site features include its America's Best Rates series, a quarterly survey of bank interest rates, and its annual Best and Worst States for Retirement articles.
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.
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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