Banks and finances seem to consistently be one of the top stories in the news, and the headlines usually aren't good. With so much negative news swaying our thinking, it can be hard work finding the diamond in the rough, the highest money market account interest rates. Like it or not, we all need banks and the services they offer, and working to find the best money market accounts rates can make your banking experience good news, not bad. What is a Money Market Account A money market account … [Read more...]
How Does a Money Market Account Work?
Anyone hoping to save a lot of money and gain a lot of interest needs to consider opening a money market account. Money market accounts are similar to savings accounts but the interest rate is much higher and there are other stipulations as well including the following:· Higher minimum balance requirements (typically $1,000 deposit is required to open the account).3 to 6 withdrawals per monthATM withdrawls are unlimited3 checks can be written per monthSome banks will offer debit card … [Read more...]
Is Your Money Market Account Safe?
Investing is a great way to have money set aside for retirement and a money market account is a great way to earn some extra interest money on your emergency cash fund. Like any investment you need to consider the security of your investment. Is your investment in a money market account safe? The simple answer is YES. Typically money invested into money market accounts will be safe and protected as most of the companies offering them are backed by the FDIC. However money invested into a money … [Read more...]
AmTrust Direct Money Market Account- Premium Interest Rate
One of the most important things you can do for your financial situation is to have a short-term savings account or some type of emergency fund. Having two separate emergency funds like a high yield savings account and money market account is a good option to consider. This will give you short-term and long-term funds for financial problems varying from job loss to car repairs. The AmTrust Direct Money Market Account offers a higher interest rate from a traditional savings account along with … [Read more...]
Sallie Mae Money Market Account
One of the top performing money market accounts is offered by Sallie Mae. The [mma bank='Sallie' alt='Sallie Mae money market account'] Sallie Mae money market account [/mma] is currently providing [mma bank='Sallie' alt='1.15% APY']~APY~% APY[/mma] without a minimum deposit requirement. The Sallie Mae money market account rates are among the highest nationwide and it continues to be one of the most popular money market accounts among investors. How does the [mma bank='Sallie' alt='Sallie Mae … [Read more...]
