Maximize Savings with High-Yield Money Market Accounts
Update: 2025-11-25
Description
Money market accounts offer higher interest rates than traditional savings, with rates currently ranging from 4% to 5% due to recent Fed rate hikes. These accounts provide flexibility with check-writing privileges and debit card access. When selecting a money market account, consider factors like minimum balance requirements, fees, and withdrawal limits. Ensure the account is FDIC or NCUA insured for up to $250,000 per institution.
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