Money Market

How to Open a Money Market Account in 3 Easy Steps

You’ve discovered that a money market account hits the sweet spot for deposit accounts—right between less accessible certificates of deposit (CDs) and the relatively low interest offerings of checking accounts. What’s next? If you’re wondering how to open a money market account, it couldn’t be easier. Here’s how in 3 easy steps. 1. Choose a […]

Money Market

Money Market vs CD: Which Is Best for You?

If you have some savings you’d like to earn interest on, but you’re thinking a regular savings account won’t quite cut it, consider using a money market account or a certificate of deposit (CD). Which one is best for you depends on your earnings expectations and what kind of access you need. Money market accounts […]

Money Market

Where to Save: Money Market Accounts vs. Savings Accounts

Your saving habits have paid off, and now you have a chunk of change to set aside—but where’s the best place to put it? Fortunately, you have plenty of choices when it comes to saving, and two common places to deposit your funds are money market accounts and savings accounts. Although savings and money market accounts […]

Money Market

5 Things You Need to Know About Our Money Market Account

Sometimes you need a safe place to put your money that earns more interest than a checking account, but gives you more flexible access than a certificate of deposit (CD) or savings account. Maybe you’re building a house and need to write a few checks to contractors or taking care of wedding expenses as you […]

Money Market

Which Has the Highest Interest Yield?

If you have extra funds each month after paying for bills and other necessities, you are probably looking for a way to earn some interest on that money. As you research your options, you probably are looking for an account with the highest annual percentage yield. But although interest is important, it's not the only […]

Money Market

5 Things You Should Look for in Money Market Deposit Accounts

Once you've decided to open a money market deposit account, experts suggest keeping these five factors in mind: Interest rate. "Look for savings or money market deposit accounts with the highest interest rate you can find," Michael Hardy, a Certified Financial Planner® and a partner at Mollot & Hardy in New York, says. He added, […]

Money Market

Whatever Your Goals, There’s a Lot to Love About Saving With Ally Bank

Short-Term Money Market Perspective When you put together a financial plan, you usually will have both long- and short-term goals you try to meet. Money market accounts may be able to help you accomplish both. Short-term goals Financial planners often suggest money market accounts for things like vacation or holiday accounts, or for one-time goals […]

Money Market

Three Smart Reasons to Open an Online Money Market Account

Although they still vary widely, bank account interest rates—money market account rates, more specifically—tend to be more competitive when you choose an online bank. And while all kinds of savings accounts may good for your fiscal health, money market accounts offer you three significant advantages to help you start saving money today: FDIC insurance. At […]

Money Market

Money Market Accounts: A Good Deal or Not

If you’ve heard an advertisement for a "high performance money market account" or something similarly named, you may be wondering just what that is and if it’s a good deal for you. What some banks call a "high performance money market account" is really just a money market account that may or may not have […]

Money Market

The Common Characteristics of Top Money Market Accounts

A quick search of financial websites can turn up enough money market accounts to leave you cross-eyed. But before you despair, relax. The financial experts we've talked to say that most top money market accounts share some key traits that can make them stand out from the crowd. High Yield. The best money market accounts […]

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