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CD or money market: where to park your year-end bonus now
Your year-end bonus is landing in a very different rate environment than the one savers enjoyed a year ago. After a series of Federal Reserve cuts, yields on safe accounts have started to slip, but they are still high enough that where you park this cash can add up to hundreds of dollars in
The average money-market account pays just 0.59% this month, according to the latest government data. And while those already low returns are 5 basis points less than where they were last year, some banks and credit unions are skirting the industry average ...
With more than 15 years of experience crafting content about all aspects of personal finance, Michael Benninger knows how to identify smart moves for your money. His work has been published by Intuit, Insider and the Los Angeles Times, and he's been..
A money market account provides the best of both worlds – the ability to easily access your funds while earning a generous return. If you’re thinking about adding this type of account to your financial arsenal, it’s worth understanding its key ...
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Fortunately, there are alternative accounts savers can explore now that come with high rates and flexibility to make withdrawals ...
While savings products largely shed yields over the past year, money-market accounts have bucked the trend with averages holding at 0.66% APY over the period, according to the latest government data. But while yields like those, albeit stable, are unlikely ...
Money market accounts combine the features of checking and savings accounts and are FDIC- or NCUA-insured up to $250,000 per depositor. Money market funds aren’t federally insured or regulated, but they are considered conservative investments with very ...
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. See how much more money you could be earning with a high-yield savings account here now. Here's what the earnings would look ...
Discover how money with zero maturity (MZM) measures the liquid funds available in an economy and why it's a preferred metric for understanding money supply.
For folks seeking a low-risk way to increase their savings, both money market accounts and money market funds hold a lot of appeal. But despite their similar names, these two savings vehicles are very different. Here's how to decide which account works ...