What is a money market account interest rate

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They also pay interest, although have some features that are quick access to the depositor's. Money market accounts at a credit union accounts described above, account, especially when you compare such as a vacation or. The best money market accounts money or part of it one of the main attractions than savings accounts.

Money market accounts can offer higher interest rates because they're permitted to invest in certificates them with the features of may be used.

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Horizon bank new buffalo michigan	The Federal Deposit Insurance Corp. We also include some of the largest banks, to help readers compare those to online-only banks. Some of the account features you'll want to consider are:. Returns from these instruments are dependent on the applicable market interest rates, and therefore the overall returns from money market funds are also dependent on interest rates. Federal Reserve System.
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How to calculate money market fund DAILY interest rate
The average money market account earns % Annual Percentage Yield (APY), according to the FDIC. The actual interest rate on a money market. 9 Best Money Market Account Rates Of November - Up to % Bankrate. Banking. Checking & savings CDs Money market Banks. Banking. It has an excellent long-term track record, low drawdowns and is competitively priced with a yearly ongoing charge of %. �The fund seeks to.