Money Market Accounts: Boost Your Savings

Money market accounts offer higher interest rates than savings, with potential perks like check-writing or debit cards. Despite recent rate drops, top accounts still pay over four percent APY. Historically, rates have fluctuated with Federal Reserve moves, but theyre currently above the national average. Be aware of minimum balance requirements and fees. For instance, a $50,000 deposit in a 4.5% account yields $2,303 in a year. Shop online banks or local institutions for the best rates.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.