InvestorQ : What are the 10 best money market rates for the current financial year?
Ira Shah made post

What are the 10 best money market rates for the current financial year?

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Niharika Kamble answered.
9 months ago
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A money market account can be great for earning a high annual percentage yield (APY). Some accounts may let you write a limited number of checks and also offer a debit card. It's important to note that, unlike certificates of deposit (CDs), you do not lock in a fixed interest rate when you open a money market account. The APY is variable since it's based on what the Federal Reserve does. So, while it's smart to look at interest rates when comparing money market accounts, it's not the be-all and end-all. Here are the top 10 for the year to date-

  • BBVA Compass Bank-2.00% APY for more than $10,000
  • Affinity Plus Superior Money Market Account-0.75% to 2.02% APY
  • Sallie Mae Money Market Account-0.70% APY
  • First Internet Bank- 0.70% APY
  • CIT Bank Money Market Account- 0.60% APY
  • Premier Members Credit Union Money Market Account- 0.15% to 2.00% APY
  • CFG Bank High Yield MMA- 0.80% to 0.90% APY
  • TIAA Bank- 0.55% APY
  • NBKC Bank- 0.80% APY
  • BMO Harris- 0.60% APY



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