Money market checking account rates

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Read more: Can you lose rates have begun to decline.

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Regular Savings vs High-Yield Savings vs Money Market vs CD?4 Types of Savings Accounts (explained)
A money market account is a variable APY account similar to a savings account which may earn a higher interest rate compared to savings. The standard interest rate balance tiers and APYs are accurate as of today's date: Under $10, %; $10, to $24, %; $25, to $49, The best money market account rate is % APY at Quontic Bank. That's nearly eight times the FDIC's national average for money market accounts of % APY.

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Utilizing a savings account that gives you check-writing privileges and the ability to withdraw your savings with an ATM card. Here are three instances when opening a money market account is advantageous to your personal finances: Yields on MMAs are high and you want your money to outpace inflation. Sallie Mae is known for its student loans. What you earn will be at the mercy of general interest rate fluctuations, so your money market rate can be expected to fall once the Federal Reserve starts lowering the federal funds rate. See for yourself with a money market account.