Are you back and forth on opening a money market account? There are a lot of people that are searching for higher interest rates on their savings accounts but they just do not know where to turn. A money market account is a great option to consider exploring as you can easily earn a higher interest rate from a traditional savings account offered by your local bank. Money Market Account Definition So what is the official definition for a money market account? It is an account where you will put … [Read more...]
High Yield Money Market Accounts 2011
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...]
High Yield Money Market Account from My Banking Direct
With the ups and downs in the market one of the best things you can do is to open a high yield money market account. A high yield money market account allows you to save money and to earn a generous interest rate compared to traditional savings account and other saving vehicles. Understanding your options when it comes to saving money is the best way to plan for your short-term and long-term needs. One high yield money market account to consider is from My Banking Direct. My Banking Direct High … [Read more...]
