Even with further Fed rate cuts likely, money market funds are a good alternative for stashing cash, and investors are still ...
If you have a lot of money in savings—typically $100,000 or more—you may benefit from a jumbo money market account. These ...
These accounts can be a good option for savers who prioritize account flexibility and potentially higher interest rates than ...
You can: Withdraw funds at over 60,000 fee-free ATMs Request a complimentary debit card Write checks How Do the Interest ...
See how we rate banking products to write unbiased product reviews. A money market account functions like a savings account — it earns a small amount of interest and can help money grow ...
If you're considering investing in a CD, you might look at this other cash equivalent instead.
Earning 5% returns on your money is slowly coming to an end. Even so, there are places to put your money that still make ...
Looking ahead, the Fed expects to make further rate cuts— possibly another 0.50% in 2024 and 1.0% more in 2025. Additionally, ...
Last month, the Federal Reserve cut a key interest rate by a larger than expected half percentage point, the first reduction ...
Most banks and credit unions offer money market accounts, so it’s worth comparing interest rates and annual percentage yields before opening an account. In general, money market accounts may ...
When money market interest rates broke above 5 percent last year, it was a wake-up call for many investors who had grown accustomed to getting almost nothing for their money at banks.
Discover’s Money Market account ... account balance, both rates are much higher than the national average of 0.64% APY. Most banks are offering higher-than-normal interest rates for savings ...