0
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.
Wiki User
∙ 8y ago
Wiki User
∙ 12y agoThe lowest rate that I have found is 1.04%. You will want to compare rated between companies to ensure that you are getting the best deal for your money.
Add your answer:
Earn +20 pts
How do you know when you're getting the best money market rate?
Money Market Rates typically are among the lowest interest rate paying investments. You can check on bankrate.com for current interest rates.
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.
What determines the current money market rates?
Current money markets rates are mostly based on current stock market prices. It goes up and down daily so you can check your bank often in order to get a good rate locked in.
what is highest money market &cd rates in my area?
Bank of America has lots of great options. what is your best CD rate for short-term? Also Money market rate. Thank you!
What are the current US treasury rates of money market accounts?
The current US treasury rates on money market accounts is 12 percent. However, this rate fluctuates daily and changes on a daily, sometimes hourly, basis.
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 highest money market interest rate so far this year?
Money market interest rates vary based on the value of the money market account itself. For accounts ranging from 10 to 25 thousand dollars, the best rate is from Everbank at 1.01 percent.
Is current Market Rate of Interest the same as yield to maturity?
It depends. YTM is calculated in the same way as IRR. You take all future cash flows and discout it by x% and equate to current market price. Then you solve for x% and what you get will be YTM. So if current price of bond is calculated by current market rate of interest than YTM=Current Market Rate of Interest. How ever bond price not always is equal to that price. Very often current yield(coupon/current market price) is different from current rate of interest. In such case YTM will differ from Current Market Rate of Interest.
What are the top rated money market funds with the best reviews?
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.
What are the current money market fund rates?
The current money market fund rates depends on ones investment, for example if one has invested in Goldman's Sterling Liquidity, one would expect the current rates to be 0.52% gross yield with yield net fees of 0.37% with net lower rate tax as 0.29% and net higher rate tax as 0.23%.
What are the best savings rates on Money Market?
The best savings rates on Money Market will vary depending on the exact requirements of the individual. For example, the savings rate on an Aldermore 1 year account is 1.95%.
