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Find Best Money Market Accounts

Compare money market account rates in the table below. We regularly monitor rates from over 200 banks and show the highest money market and savings account rates. Money market and savings accounts listed below are insured up to $250,000 per depositor by the FDIC or NCUA.

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Account Type
Amount
 

Money Market Featured Rates

Institution Amount Rate APY

Min. to

Earn APY
Details
Capital One
1.00% 1.00% $10000
  • 360 Money Market℠
  • One of the Nations Top Rates Without Fees
  • Member FDIC
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Rates as of 6/25/2017

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FDIC Insured

 
 
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Money Market Account Rates

A Money Market Account is a premium account, or a high interest savings account. Money kept in such accounts is invested, but the financial institution has the responsibility of investing and collecting the returns. The money is usually put in investments like Certificates of Deposit (CDs), Treasury Bills, or other secure financial instruments. All these investments are short term and low risk. In return for the investment, the financial institution offers a premium interest rate, which could two times the rate of a normal account. Money kept in a Money Market Account is insured by the FDIC (Federal Deposit Insurance Corporation). This means that even if the issuing credit union or bank goes out of business, your money remains safe. However, a Money Market Account should not be confused with a Money Market Fund. The latter is a strategy of investment with higher returns compared to a premium savings account. Opening and depositing money into a Money Market Account is easy and fast. Investors can open such an account at many different financial institutions. Since these accounts are opened for long time periods, they are ideal for investing periodic funds like school tuition fees or emergency funds.

Despite being a good, low risk investment, a Money Market Account has several restrictions. You will not be able to access your money as easily as you would for an ordinary savings account. There is a limit to the amount of money you can withdraw every month. In addition, such accounts require a minimum deposit as well as a minimum balance. If you go below the expected minimum balance, there is a penalty. The rate of interest for Money Market Accounts is determined by the investor’s level of assets deposited, not to maturity as in the case of certificates of deposit. Therefore, money markets tend to unfairly favor wealthier investors.

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Certificate Of Deposit
PRODUCT +/- Rate Last week
30 year fixed Graph Icon Arrow 4.09% 4.16%
15 year fixed Graph Icon Arrow 3.25% 3.30%
5/1 ARM Graph Icon Arrow 3.28% 3.36%

 Rate disclaimer

PRODUCT +/- Rate Last week
30 year fixed refi Graph Icon Arrow 4.09% 4.17%
15 year fixed refi Graph Icon Arrow 3.25% 3.34%
10 year fixed refi Graph Icon Arrow 3.15% 3.18%
PRODUCT +/- Rate Last week
60 month used car loan Graph Icon Arrow 3.20% 3.20%
48 month used car loan Graph Icon Arrow 3.18% 3.19%
60 month new car loan Graph Icon Arrow 3.44% 3.44%
PRODUCT +/- Yield Last week
6 Month CD Graph Icon Arrow 0.75% 0.71%
1 Year CD Graph Icon Arrow 1.24% 1.24%
2 Year CD Graph Icon Arrow 1.41% 1.41%
PRODUCT Rate
MMA and SAVINGS 0.58%
$10k MMA 0.57%
Interest Checking 0.43%
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