High yield money market accounts provide investors with a way to set aside money for emergency needs and to earn a higher interest rate than you will get with a traditional savings account. In the past the interest rates on high yield money market accounts were close to 5% but now it is hard to find anything that is close to 2% as most are less than 1.5% or even 1%. Comparing current money market rates will help you to see what type of options you have and how much the interest rate’s currently … [Read more...]
Your Money Market Account: Why It’s Important To Contribute To It Regularly
A money market account is a great way to save up money and gather more interest on it than you will with a traditional savings account. Money market accounts offer a great advantage as the interest rate often pays about 3 times higher from a traditional savings account, allowing you to earn more money as long as you continue to contribute. Money market account interest rates are subject to change at any time, which is why it is important to research the best rates and find one that will pay you … [Read more...]
