Money Market Accounts Best Rates 2010
There are several money market accounts in which you can invest your savings. Each type of account offers separate interest rate. Choosing the best money market accounts among them is very important.
Money market rate refers to the annual interest rate that is offered on the money that is in the money market accounts. For arriving at the decision regarding the selection of the best money market account, you have to make a comparison of the different money market accounts and the favourable interest rates offered on them.
For finding out the best interest rates you will have to take a glance of the annual percentage yield of the money market rate of a particular account. The information on yield gives you an idea of how much additional income your money shall earn at a given annual interest rate. As the interest rates go higher, your money shall earn more.
Here is an inclusive list that would be helpful in providing an idea about the various interest rates prevailing on different money market accounts.
| Institution | Type | Rate | APY | Min. To Earn APY |
|---|---|---|---|---|
| SmartyPig |
Rates as of Jul. 30th Savings | 2.15% | $25 | |
| North Middlesex Savings Bank Rates as of Jul. 30th | Savings | 2.03% | 2.05% | $10 |
| Ultima Bank Rates as of Jul. 30th | Savings | 2.00% | 2.02% | $0 |
| Bank2 Rates as of Jul. 30th | Savings | 2.01% | $0 | |
| Dollar Bank Federal Savings Bank Rates as of Jul. 30th | Savings | 2.00% | $0 | |
| America Net Bank Rates as of Jul. 30th | MMA | 2.00% | $1 | |
| Georgia Primary Bank Rates as of Jul. 30th | MMA | 1.93% | 1.95% | $100,000 |
| Georgia Primary Bank Rates as of Jul. 30th | MMA | 1.74% | 1.75% | $50,000 |
| Gogebic Range Bank Rates as of Jul. 30th | MMA | 1.74% | 1.75% | $100,000 |
| Geddes Federal Savings and Loan Association Rates as of Jul. 30th | MMA | 1.70% | 1.70% | $50,000 |
| Main Bank Rates as of Jul. 30th | Savings | 1.56% | 1.56% | $5,000 |
| SFGI Direct Rates as of Jul. 30th | Savings | 1.51% | $1 |