What banks have the highest interest money market savings accounts ?
Get more pennies in your piggy!
Are you tired of seeing an interest rate of .25% in your savings and checking accounts?
If you are, then you found a great resource here on the CreditCardBroker.com website. So lets get right to the point. We created a list of banks below that you can visit and compare. Specifically, we listed banks that offer some of the HIGHEST money market interest rates on the market today. We do strive to keep this list updated the best we can!
Did you know that today we are seeing money market rates in as high as 4.4 % or more!
LIST OF BANKS WITH SOME OF THE HIGHEST MONEY MARKET AND SAVINGS ACCOUNT INTEREST RATES IN THE UNITED STATES:
Personal Accounts:
https://www.customersbank.com/
https://www.ally.com/bank/money-market-account/
Featured Savings Account Offer:
Business Accounts:
You can also go to your local bank as ask them how much their money market accounts pay in interest.
About Money Market Accounts:
Money market accounts are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per account. Money market funds are NOT because mutual funds are not insured buy the FDIC. Many banks offer money accounts to provide extra value their clients. But, you may notice that smaller banks actually often offer higher interest rates than the large banks! You will earn much more interest in a money market as compared to a typical basic savings account in a bank. Money markets are not as liquid as a checking account, but many still offer check writing capabilities and faster access! Others may be limited to digital transfers.
Many people are not aware of higher interest paying money market accounts only because they simply have not looked for them! Money market accounts are well suited for people with short term goals, wish to remain liquid, and want minimal risk with some sort of return. If you are looking to earn even more interest with a slightly longer time of investment, CD’s would be your next option.
Keep in mind, with todays inflationary environment, 3% in a money market account you may be actually losing money! However, 3% interest doing nothing is better than .25% in your current savings account!
CreditCardbroker.com and its partners may earn a commission on the sale of products on our website. This is not financial advice and we do our best to keep this information accurate.
