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...]
Is A CD Or Money Market Account Better For My Elderly Parent?
Planning your own retirement can be challenging enough, but when your parents reach an age where they no longer can handle their finances, you may need to step in and help out. Seniors often need some help with money management in order to take care of their finances correctly and to have plenty of money set aside to pay for medical costs and other needs. Have the Discussion It is important to sit down with your elderly parent and discuss their finances. Certain things like managing the bills … [Read more...]
Money Market Accounts Highest Rates
Money always seems to be on our mind. Either we are thinking about it because we don't have enough or because we are wondering the most effective way into invest our money. Investing in an account with the highest money market interest rates is one way to invest your money and allow you to stop worrying about it. Money Market Accounts Most banks across America offer some type of a money market account. These accounts are set up as an account to help you save money. Money market accounts … [Read more...]
Online Money Market Accounts
The technology of today makes it even easier to access bank accounts and know exactly what is going on with your money. Because of the internet, the variety of banks you are able to choose from has expanded. You don't have to choose a bank just because it is the closest one to you. Most banks offer online accounts and money market accounts are one typical provided to apply for online. What is a Money Market Account A money market account is an account offered through banks as a way to … [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...]
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