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In order to find the best money market rate, you must shop around. Banks and credit unions all give different rates on their money market accounts. Money market accounts do pay more than a general savings account, but do require a higher balance, which is another thing to check on while doing your search.

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Q: How can one get the best money market rate?
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Related questions

How does one get the best credit card rate?

To get the best credit card rate one should visit a website which offers a comparison between rates. Money Supermarket is a very good one as is Compare The Market.


What is the current best money market rate?

Since money market funds are required to invest only in very short term debt the rates that can be earned on money market funds are now only a fraction of a percent. Returns on money market funds are now measured in basis points. One basis point is equal to 1/100th of one percent. Money market fund rates vary somewhat but most savers now view money market funds as simply a way to park money in a safe place rather than as a vehicle for earning interest.


How can you find the best savings account interest rate currently available on the market?

The best way to find the best savings account interest rate is to use price comparison sites. The easiest one to use is money supermarket. There is also The Money Expert which gives nice reviews of each service.


What are money market accounts?

Money market account is an account that deal with financial matters in the money markets. Money market account usually requires a higher minimum balance or higher rate of interest in order for one to earn interest on the deposit money.


Where can one create high yield money market accounts?

One can create high yield money market accounts from websites like WellsFarGo, SallieMae, Ally, Suzeorman, Bank Rate and Nationwide. These are the leading providers of high yield money market accounts.


Where can I find the best money market account rates?

Currently, Capital One offers the best rates, but this changes daily. Check out the list at www.bankaholic.com/money-market


Which banks are offering the best money market accounts at this time?

I think Capital One is offering the best money market rates right now. Bankaholic.com is a good place to search for this kind of information. But from what I have found, Capital one has the best rates at the moment The best right now is Capital One Direct Banking in Glen Allen, VA with a rate of 1.44%. Discover Bank in New Castle, DE is only 1.35%


What is an example of a high money market?

An example of a high money market account will have a high interest rate and presumably make a lot of money for the owner of the account. One bank which claims to offer high yield or high paying money market accounts is Ally Bank; another is Capital One.


Where can interest rate savings be made?

One will find that interest rate savings can be made through one's local bank or credit union. One just needs to save money in a savings account, and/or in a money market account.


How does one obtain the best possible market mortgage rate in which they can place on their account?

The best possible mortgage rate can be obtained through hard work. First, a good credit rating is needed. Then shop, shop, shop. Comparison shopping can save a lot of money in the long run.


Where would one find interest rates for a money market account?

To find money market account interest rates, one would have to contact a bank or broker. That would be the best way to get the best rates currently in effect.


What should I know before I put my money into a money market savings account?

You are going to want to check around for the best interest rates on the money market accounts. You always want to invest your money into the best one that is going to make you the most amount of money.