Money Market Accounts
Money market accounts are similar in many ways to traditional savings accounts, though most banks reserve a higher yield for their money market option. The catch is often that you need a higher minimum balance to earn interest and avoid penalties with a money market account. But the higher yield isn’t the only possible perk with these vehicles: Some money market accounts also offer debit card and checking privileges.
Rates for Money Market Account as of August 7, 2020
Rates / Annual Percentage Yield terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit unions are member FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.