MONEY MARKET ACCOUNT » MMA

If you’re looking for the convenience of a checking account but the interest rate of a CD, you can have both by opening a money market account. Even better, the First National Bank of Sedan is offering a higher-than-average MMA interest rate right now at .90% APY.

Money market account interest rates are tiered and the highest money market rate applies to balances of $10,000 or greater. Rates are subject to change at any time and fees may reduce earnings.

A money market account offers you the best of both worlds: Higher interest rates with the convenience of a checking account. At 1st Mariner Bank, you can earn the highest money market rate with a Money Market Maximizer II. Currently, this account yields .95% APY.

This money market account is only available online. The minimum balance to open the account is $1,000 and you must maintain a balance of at least $2,500 to avoid service charges.

It seems impossible these days to find a money market account with interest rates that beat those of traditional savings account. Usually, you need an enormous minimum deposit to obtain the best money market rates. However, Florence Credit Union makes the highest MMA interest rates attainable for all members. It is currently offering a rate of 1.16% APY.

You must be a member of this credit union to open a money market account. You can establish membership by depositing $25 in a share account and paying a $1 fee. However, you must maintain a balance of $200 to earn dividends.

Money market accounts are offered by both banks and credit unions and are very similar to traditional savings accounts. However, there are a few differences that can make them a better investment option, depending on your savings goals.

The minimum balance amount tends to be slightly higher than traditional savings accounts and so are the interest rates that are paid on the money on deposit in a money market account. Withdrawal transactions are also limited to an average of 3-6 times a month. If you open a money market deposit account through your bank, you will more than likely have the backing of FDIC insurance protection behind you, but you must double check to make sure.

Beach Community Bank rewards customers who keep a healthy balance in their accounts by offering a higher interest rate. With a Star Fish MMDA account, you can earn a money market interest rate of 1.10% APY.

You will need at least $1,00o to open a money market account and a monthly service charge of $10 will be applied if the balance falls below this amount. Balances above $25,000 will earn even higher rates. Do note that rates are subject to change.

The Register-Guard Employees Credit Union makes it easy for members to get the most from their deposits by offering the highest interest rates possible. This includes the best money market account rate which provides a 1.21% APY.

There are a few requirements you must meet in order to open a money market account. You have to be a member of the credit union and maintain a balance of $5,000.00 to $24,999.00. You can also earn an additional .10 percent by having 2-3 qualified services or .20 percent for having 4 or more qualified services. Qualified services include: Checking account, share account of $2,500 or more, IRA, CHEF, CD of $5,000 or more, home banking, member of at least 7 years with an active checking account or direct deposit into an RGFCU account, electronic bill payment or direct deposit.

A banker’s acceptance is a type of money market tool which can be traded between different financial entities. They are essentially a way for people to work together, especially internationally, when it’s not possible to determine each importing or exporting companies’ creditworthiness. So what’s used instead is the creditworthiness of a bank intermediary.

Money market funds are a great option for risk-averse investors who wish to protect their money from volatile market fluctuations and still earn a bit of interest. Usually, money market funds are used to hold money that is not currently invested, rather than keeping it in a lower-yielding savings account.

There is a specific type of money market fund that is slightly different from what most retail investors are familiar with, known as the institutional money market fund.

When was the last time you were impressed by a money market account rate? It’s probably been a while. Fortunately, the Torrance Community Credit Union currently has a great money market account interest rate offer of 0.61% APY.

There are a few conditions you should be aware of before opening this money market account. Only members of the credit union can obtain a money market account and the minimum balance needed to earn this rate is $10,000. A balance that exceeds $50,000 will earn a higher interest rate. Rates are subject to change.

The First State Bank, Nebraska offers competitive interest rates on all available accounts, including the FSB Money Market Account. Money market rates are generally quite low unless you deposit a very large sum of money, but FSB customers can currently earn an interest rate of .50% APY with as little as $2,500.

There are just a few requirements you should know before opening this money market account. A minimum balance of $2,500 is required to both open an account and waive the monthly fee. Additionally, a maximum of six withdrawals per month is allowed and the interest rate is subject to change without notice.