When saving your hard-earned money, finding the right account is an important step. Ideally, the account you choose should earn interest and offer easy access to your money when it’s needed. Money market and high-yield savings accounts are two account types that may fit the bill. But which one is the better choice for you? In this article, we'll delve into the question of money market vs. high-yield savings accounts so you can understand how they compare and contrast. First, let's quickly defi...
The Fed started cutting rates on Wednesday, spelling the end for 5% money-market returns. However, investors can take advantage of certain fixed-income and equity investments for yield. For...
US money market funds in the first half of August as investors sought to lock in attractive... 2bn between August 1 and August 15, according to flow tracker EPFR — the highest figures for...
Money market accounts are a type of deposit account that typically offer high interest rates on your savings, along with the accessibility a checking account provides, such as a debit card and/or check writing capabilities. If you’re looking to open a money market account, it’s important to choose the right one for your needs. Our team evaluated approximately 20 money market accounts offered by federally insured banks and credit unions and narrowed down the top 10 best options available toda...
What is a high-yield savings account? ; What is a money market account? ; High-yield savings vs. money market account: How they compare
Money market accounts (MMAs) are interest-bearing savings accounts that have check-writing... the highest rate.2 As with high-interest checking accounts, MMAs have a variable interest rate...
Yields on money market funds and high-yield savings accounts have risen sharply over the last two years in response to Federal Reserve benchmark interest rate hikes. Investors can now earn decent returns on savings accounts and other short-term investments after years of rates sitting near zero. High-yield savings accounts and money market funds are two options investors often consider to create an emergency fund or park cash earmarked for a short-term goal, like buying a car. They’re both gre...
Rising interest rates and a trio of regional bank failures have turbocharged the movement of cash into higher yielding alternatives–particularly money market mutual funds. Here’s how to bump up you...
Provider, Our Rating, APY, Bonus ; Featured Lending Club LevelUp Savings, 4.3, 5.00% *, N/A ; SoFi Bank, 4.8, 4.30%, Up to $300 bonus ; UFB Direct High Yield Savings Account, 4.6, 4.57%, N/A ; Discover Bank Online Savings Account, 4.6, 4.00%, N/A
Earn interest rate ( blended APY · * · ) for 6 months. See how ; Waivable monthly maintenance fee of $20. 1