A good interest rate for a money market certificate would be 0.90% to 1.00%. There are several other factors to consider including fees and the required amount to open it.
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.
The average Money Market rate for a deposit under $10,000 is 1.54%.
The market rate of interest formula used to calculate the cost of borrowing money is: Market Rate of Interest Risk-Free Rate Risk Premium.
if the saving rate of individual is declines in the country what will be it's effects on money market
Call money market is a short term overnight market where funds are borrowed or lent for a short period of 1 to 15 days at a rate which is called as call money rate.
When money is held in a checking account the money is liquid. It is always accessible. It can be withdrawn using checks, or electronic cards. A money market account however, is much like a certificate of deposit. It requires a larger amount of money in order to open the account and has a much higher interest rate.
I do believe that the best money market fund is with discover. They seem to have the best reviews. Other good things about them are they have no fees and also have an average APY rate.
Good money interest rates are going to vary from bank to bank. I have found that the best places to start is your local banking institution, or credit union.
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.
The reason people invest in a certificate of deposit is its outcome. A higher interest rate on the maturity of your money. The ultimate purpose is knowing that your money saved will be increasing as it sits.
The reason people invest in a certificate of deposit is its outcome. A higher interest rate on the maturity of your money. The ultimate purpose is knowing that your money saved will be increasing as it sits.
Bank of America has lots of great options. what is your best CD rate for short-term? Also Money market rate. Thank you!