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May 2, 2024 · As of today, the highest money market rate is 5.12% compared to a national average rate of 0.60%. Here are today’s money market account rates: Average APY: 0.60%. Highest Rate: 5.12%. Source ...
5 days ago · See what today’s average and top rates are for money market accounts. ... MMA Rates Today; Deposit level. Average APY. High rate. $10,000 minimum balance. 0.59%. 5.12%. Source: Curinos. Average ...
Apr 30, 2024 · Latest money market account rates. If you have at least $10,000 to stash in a money market account, you could get an average APY of 0.59%, according to Curinos data.
6 days ago · Bankrate's picks for the top money market account rates. Vio Bank — 5.30% APY, $100 minimum deposit; UFB Direct — 5.25% APY, $1 minimum deposit; CFG Community Bank — 5.25% APY, $1,000 ...
- What is a high-yield money market account?A high-yield money market account is one that earns a competitive yield. Generally, these money market accounts with higher rates are found at onli...
- Money market accounts vs. money market fundsMoney market funds and money market accounts are different products. You’ll find money market accounts at FDIC-insured banks and at NCUA credit uni...
- Why do money market accounts pay higher interest?Generally, a high-yield money market account pays a higher APY than a checking account because banks can assume that your money will be in there fo...
- Are money market rates fixed?Most money market rates are variable, not fixed. That means the rate and APY you receive can rise or fall as market conditions change. A fixed intr...
- Are money market accounts taxed?All taxable and tax-exempt interest must be reported on your federal income tax return. Most interest that you receive or that’s credited to an acc...
Apr 30, 2024 · See what today’s average and top rates are for money market accounts. ... MMA RATES TODAY; Deposit level. Average APY. High rate. $10,000 minimum balance. 0.59%. 5.12%. Source: Curinos. Average ...
3 days ago · Compare current money market account rates for May 2024. Vio Bank — 5.30% APY. UFB Direct — 5.25% APY. CFG Community Bank — 5.25% APY. Quontic Bank — 5.00% APY. Sallie Mae Bank — 4.65% ...
5 days ago · Easy to waive monthly fee. No check-writing ability. $12 monthly fee if requirements aren't met. Permanent interest rates are low. Bottom Line. The PNC Premiere Money Market account has an ...
