Maximize Savings with High-Yield Money Market Accounts

Money Market Accounts: Maximize Your Savings with Current Interest RatesThe Federal Reserves recent interest rate cuts have led to a decrease in deposit rates, including money market accounts. The national average is around 0.59%, but top accounts offer up to 4% APY. Higher rates may not last, so consider opening an account to take advantage. Interest earnings depend on APY, which considers the base rate and compounding frequency. For example, a $1,000 deposit at 0.59% APY earns $5.90 in a year, while a 4% APY account earns $40.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.