Money-market account yields have slid 5 basis points since last year to an average 0.59%, according to the latest government data. But despite that low rate of return, plenty are promising as much as three times that amount, with one listed below offering ...

Savers have come out on top over the past few years, thanks to the rate hikes conducted in 2022 and 2023 by the Federal Reserve to help tame inflation. The decisions the Federal Reserve makes for its federal funds rate have an impact on interest rates on ...

The Federal Reserve Open Market Committee on Wednesday decided to cut the central bank’s key overnight lending rate by a quarter of a percentage point, its first cut in nine months. Given the Fed’s dual mandate of keeping inflation in check while ...

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 ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Between a $10,000 high-yield savings account and $10,000 money market account, then, which will technically earn more now, after ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Top cash accounts are still dishing out up to 5.50%—if you know where to look. PeopleImages / Getty Images The full article continues ...

The Federal Reserve’s rate cut will reduce investor returns, yet money market funds remain a good deal, our columnist says. By Jeff Sommer Jeff Sommer writes Strategies, a weekly column on markets, finance and the economy. Money market funds seem to be ...

The highest money market account rate available today is 4.22% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market Right now,

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Sabrina Karl has over two decades of experience writing about savings, CDs, and other banking topics. She is currently a full-time staff ...