![]() ![]() ![]() ![]() Money market account rates usually offer higher yields than what you’ll find on savings accounts, especially those offered at brick-and-mortar banks. If you were to invest $10,000 into an MMA with a 4.75% interest rate that compounds daily, you would earn about $485 in interest over a year, assuming no withdrawals or additional contributions are made. The highest rate in Bankrate’s dataset today climbed 10 basis points to 4.75%, so shop around to see what high rates you can find. Money market accounts currently average an APY of 0.52%, per Bankrate data, a one basis point increase from one week ago and up three basis points from last month. ![]()
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