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What else can I help you with?
What is the current earning rate for Money Market accounts?
The average Money Market rate for a deposit under $10,000 is 1.54%.
Which online money market accounts have the best interest rate?
You can find the best money market accounts at http://www.bankrate.com/brm/rate/mmmf_home.asp. You may want to check with your own bank as well as they may be able to get you a good rate.
Is the Money Market Accounts program a scam?
No, Money Market accounts are not a scam. MMs are actually a very safe investment, offering a small, yet steady, rate of interest.
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.
How often does the interest rate on a money market fund change?
Whether interest rates on money market accounts change, depends on several factors, and therefore, it is hard to pin down how frequently it will rise or drop. www.bankrate.com offers in depth information on rate changes for money market accounts.
What is a money market account good for?
Money Market accounts are just like having a savings account, only they usually offer a higher interest rate than a normal savings account. Unlike regular savings accounts, Money Market accounts have limitation on how often you can make a withdrawal.
How do money accounts differ from regular savings accounts?
The means of determining interest rate. Money market account interest rates are variable and track the money market. Savings account interest rates are usually fixed.
Do money market accounts have higher rates than CDs?
Money market accounts usually carry a much lower interest rate than CDs. CD's can range anywhere from 2-5% APR, while money market accounts are usually less than 2% APR, since they're centered mostly in the stock market and can't guarantee a higher interest rate because of this.
How can one get the best money market rate?
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.
What is the interest rate at texas capital bank?
Interest rates at Texas Capital Bank are different for different accounts. For all checking, savings, Commercial Money Market, and Money Market accounts under $25,000 it is .05%. For money market accounts with balances over $25,000, the interest rates are .10% and .15%.
What is the typical CD interest rate at this time, and how does it compare to money market accounts?
Interest rates change daily on CD's. The best place to check for updated daily interest rates is the site bankrate.com. You can compare how these rate against Money Market Accounts as well.
Where can one compare money market accounts?
A Money Market Account is a financial account that pays interest based on current interest rates in the money markets. Money Supermarket, Nationwide, Bank Rate and Bank of America can all be used to compare accounts.
