Money Market Accounts: High Rates & Flexibility
Update: 2025-11-11
Description
Money market accounts offer a balance of higher interest rates and accessibility, often with perks like check-writing or a debit card. With rates currently above four percent APY, theyre competitive with high-yield savings accounts. Historically, rates have fluctuated based on the Federal Reserves decisions, but they remain high by historical standards. When choosing an account, consider factors like minimum balance requirements, fees, and withdrawal limits. Ensure your account is FDIC or NCUA insured for up to $250,000 per institution.
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