Maximize Savings: High-Yield Money Market Accounts

Explore how to maximize your savings with todays money market account rates, currently averaging around 0.59%. While this might seem modest, its significantly higher than rates just three years ago. Top accounts offer over 4% APY, so consider opening a high-yield account to lock in favorable returns. For instance, a $10,000 investment at 0.59% yields $59 in interest annually, but a 4% APY account could earn over $400. Be aware of potential higher balance requirements or withdrawal limits, and keep an eye out for promotional rates from local banks or credit unions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.