If you want to get the best rates today you really need to check since your local bank is unlikely to offer the top rate. Check it out first at MoneyMarketBankaholic.com or BankRate.com.
There are several ways that one can compare current accounts in the market. One can contact a trusted financial advisor at their local financial institution, or compare online using websites such as Money Supermarket and Money Saving Expert.
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.
Money Supermarket accounts allow you to compare many of your current accounts at the same time. This is a fast and easy way to get your job done.
The average Money Market rate for a deposit under $10,000 is 1.54%.
A good place to compare online money market accounts would be a comparison site that specialises in the type of account one is researching. Money Supermarket is good for regular banks and building societies, but Wallet Nerd is a good choice for more random accounts.
wwww.bankaholic.com provides an extensive look at all current Money Market accounts being offered by all major banks and credit unions. On this site, you will be able to fcompare interest rates, and read reviews on many banking institutions.
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.
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.
wwww.bankaholic.com provides an extensive look at all current money market accounts being offered by all major banks and credit unions. On this site, you will be able to compare interest rates, learn how money markets work, and read reviews on many banking institutions.
Currently, Wells Faro in Arlington, TX is offering 0.05% on money market accounts.
Many banks do offer money market savings accounts but not all of them. It is best to check with your current bank about a money market savings account or if your in the market for a bank be sure to ask about this type of account before making your final decision.
Interest rates change daily among banks on money market accounts. To get the most current rates check bankrate.com