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

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

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

The Best Money Market Rates: 5 Things to Look For Once You Find Them.

What's the difference between one money market account and the next? Essentially, money market accounts sometimes offer a higher rate of return than traditional savings accounts, are low-risk and offer flexible access. To make sure you're choosing the best money market rates and the best account for you, here are five things you should look […]

Money Market

It’s Never a Bad Time to Consider an Ally Bank Money Market Account

When should you consider a money market account for your savings? That depends on your own financial plan more than what’s going on in the economy as a whole. Part of your financial plan may include setting aside a cash reserve for unforeseen expenses, or setting aside savings for specific goals, including one-time or recurring […]

Money Market

The Common (Financial) Sense of Money Market Accounts

Money market accounts may not be as well-known as traditional savings and checking accounts. But many personal finance experts consider opening a money market account an integral part of a smart financial plan. Money market accounts are bank accounts that usually pay interest rates comparable to the rates of paid by savings accounts. The difference […]

Money Market

There’s a Lot to Love About Saving With Ally Bank

Financial experts agree that a money market account can be a good place to save money you might need unexpectedly or might be saving for a specific goal—a new car, for instance, or well-earned vacation. In general, look for a money market account that offers: A good rate of return. Make sure you compare annual […]

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 […]

Money Market

Develop a Savings Program Based on Your Goals

You've put aside $1,000 to save. But you're unsure where to stash your cash. Maybe you're trying to decide between a money market account and a mutual fund, looking to find a way to protect and grow your savings. First, decide what your savings goals are. If your saving goals are short-term, say, next summer's […]