With a minimum deposit of $5,000, you can open a money market account at Total Direct Bank and earn 2.10% APY on your deposits. You can earn this exceptional rate on up to $500,000, but keep in mind that FDIC insurance covers only $250,000. The highest money market account rate was 2.01%, while the highest savings account rate was 1.90%. When overall interest rates are higher, as they were during the 1980s, 1990s, and much of the 2000s, the gap between the two types of accounts will be wider.

Plus, you have the flexibility of making deposits and withdrawals* as you do with a regular savings account. Features: Tiered Interest Rates; No monthly fees  A Money Market savings account from Arvest Bank offers an easy way to earn interest on your funds and still have access to your money. Money Market accounts can be opened with minimum deposit of $10.00 and offer businesses a higher rate of interest. Also, no monthly fee is required. 5 Sep 2017 Very low interest rates. Limited number of withdrawals per month. Money Market Accounts. This is a deposit account offered by a bank, and it's  You can open a Statement Money Market Account with as little as $100. The more you save, the more you earn as interest rates are tiered to reward higher  The high-yield Money Market Account from UFB Direct combines a high APY that will allow you to grow your savings quickly with check-writing privileges.

The bank offers a mid-range interest rate at 1.85 percent. The area 

The best money market rates today pay interest in the top 5% of all deposit accounts. These rates come from online banks. Here’s our list of the top 5. I’ve never been a big saver. And that’s especially when it comes to putting money into an online savings account or money market. Rates shown for primary savings, IRA savings, and checking accounts are projections only, since dividends are paid from available earnings declared at the end of the compounding period. Fees may reduce earnings. ** The minimum initial deposit for a Traditional or Roth IRA Certificate is $1,000.00. A money market account isn’t the same thing as a money market fund. Money market accounts, like deposit accounts, provide FDIC insurance on your deposits up to $250,000. Money market funds, on the other hand, are investment accounts, most likely sold by your broker, and are regulated by the Securities and Exchange Commission instead. A money market deposit account (MMDA) is a high-yield savings account that allows depository financial institutions to be more competitive with money market mutual funds. MMDAs are insured by the Federal Deposit Insurance Corp. (FDIC), and they generally earn interest at a higher rate than standard savings accounts. The deposit interest rate is paid by financial institutions to deposit account holders. Deposit accounts include certificates of deposit (CD), savings accounts, and self-directed deposit retirement accounts. It is similar to a "depo rate," which can refer to interest paid on the interbank market. Bonus Interest Rate (if present in chart): Retirement Money Market bonus is available to customers who have a U.S. Bank Silver, Gold, Platinum, or Silver Elite Checking account. To earn the bonus, the customer must also maintain a combined deposit balance requirement of $25,000, which is systematically reviewed. But typically money market accounts are the only savings deposit account that allows check-writing privileges. You may be able to withdraw money and have your bank issue an official bank check.

14 Nov 2019 One of the attractions of money market accounts is that they offer higher interest rates than savings accounts. For example, in early 2019, their 

Bonus Interest Rate (if present in chart): Retirement Money Market bonus is available to customers who have a U.S. Bank Silver, Gold, Platinum, or Silver Elite Checking account. To earn the bonus, the customer must also maintain a combined deposit balance requirement of $25,000, which is systematically reviewed.

Money market account March 2020. If maintaining liquidity while earning the highest rate possible on your savings 

( FDIC ). That means your money is safe even in a major financial crisis. On the downside, interest rates for savings accounts can be lower than other savings  Competitive interest rates, rewards points, and online banking are just a few of the benefits offered with our high yield money market account. Open a Key Gold  7 Feb 2019 Money market accounts earn interest much like savings accounts do, i.e. according to the interest rate that applies at a given time. Plus, MMAs 

First Republic's Business Reward Money Market Savings account offers an attractive interest rate on those funds you don't need regular access to. Compare. What 

View Rockland Trust's current Free Savings, Certificate of Deposit (CDs) and Money Market Savings Rates. Reach your goals with Rockland Trust. See Rates for  Money market accounts (MMAs) are a great option for people looking to earn higher interest rates on their cash than is typically offered by a savings account at a  3 days ago Our online savings accounts offer high yield interest rates so you can grow First Internet Bank's Money Market Savings account earns 1.61%  The overnight money market rate is the Bank of Canada estimate for the rate at which major dealers are able to arrange financing of securities inventory for a 

What is a money market account? A chance to earn great savings rates while maintaining access to your money. Open a BMO Harris money market account