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Highest Money Market Rates

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Money market options offer very high rates. These high yielding market accounts can be thought of as an investment option rather than savings accounts.

Below is a list of companies / banks offering very high interest rates for money market accounts. Though this data can be used as a reference, it is highly recommended to browse through bank websites to check for minimum monthly balance or other norms that may be a mandatory requirement.

Bank APY Remarks
EverBank 1.51% Bonus rate 2.25% Applies for first three months.
American Express, FSB 1.5%
Discover Bank 1.4%
Ally Bank 1.39%
WTDirect 1.26% Minimum balance of 10,000$ is required.
FNBO Direct 1.25%
E-Loan 1.1%
MetLife Bank 1%
Points to remember
  • Minimum balance requirements need to be learned before choosing a bank. Generally the interest rates apply only for certain balance limit.
  • Some banks might require a minimal opening balance of order of 500$ to 1000$.
  • Hidden charges in the form of transaction fees should be checked.
Tags: Money Market Accounts, US
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