A money market account is basic part of a balanced portfolio. Here's what you need to know to choose the best money market account for you.
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What's the difference between a money market account and a savings account? If you're looking for the best way to invest your money, they both may be viable options for you, but they're not the same.
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Money market accounts and certificates of deposit (commonly known as "CDs") are both deposit accounts, but that's where their similarities end. Read on for a guide to choosing between money market accounts vs. CDs.
Read More| Institution | Rate | APY | Min. to earn APY | Details |
|---|---|---|---|---|
|
TIAA Direct Rates updated 05/16/2012 |
1.24% | 1.25% | $25 | Money Market - tier $25,000 - $49,999 |
|
TIAA Direct Rates updated 05/16/2012 |
1.24% | 1.25% | $25 | Money Market - tier 0 - $9,999 |
|
TIAA Direct Rates updated 05/16/2012 |
1.24% | 1.25% | $25 | Money Market - tier $10,000 - $24,999 |
|
TIAA Direct Rates updated 05/16/2012 |
1.24% | 1.25% | $25 | Money Market - tier $50,000 and above |
|
AmTrust Direct Rates updated 05/16/2012 |
1.14% | 1.15% | $5,000 | Earn More Money Market Account - Rate earned on balances of $5,000.00 and up-new money only. |
|
Gogebic Range Bank Rates updated 05/16/2012 |
1.05% | 1.06% | $1,000 | Available only to Michigan market area. Must open account in person. Gogebic Money Market Checking - tiered interest rates |
|
EH National Bank Rates updated 05/16/2012 |
0.96% | 0.96% | $1,000 | Premium Money Market - tier $250,000 and over |
|
Geddes Federal Savings and Loan Association Rates updated 05/16/2012 |
0.90% | 0.90% | $1,000 | Central New York market area only |
|
OneUnited Bank Rates updated 05/16/2012 |
0.90% | 0.90% | $1,000 | UNITY GOLD E-Money Market - Available Online only |
|
Virtual Bank Rates updated 05/16/2012 |
0.90% | 0.90% | $100 | eMoney Market online account |
|
OneUnited Bank Rates updated 05/16/2012 |
0.85% | 0.85% | $1,000 | UNITY GOLD E-Money Market - Available Online only, tiered rates apply |
|
H&R Block Bank Rates updated 05/16/2012 |
0.85% | 0.85% | $25 | none |
|
Virtual Bank Rates updated 05/16/2012 |
0.85% | 0.85% | $100 | eMoney Market online account |
|
MetLife Bank Rates updated 05/16/2012 |
0.85% | $1,500 | Money Market Tier $10,000 - $24,999 - $15 monthly fee waived with $1,500 minimum daily balance | |
|
MetLife Bank Rates updated 05/16/2012 |
0.85% | $1,500 | Money Market Tier $25,000 - $49,999 - $15 monthly fee waived with $1,500 minimum daily balance | |
|
Union Federal Savings Bank Rates updated 05/16/2012 |
0.85% | $1 | none | |
|
Sallie Mae Bank Rates updated 05/16/2012 |
0.85% | Nationwide - apply online | ||
|
AIG Bank Rates updated 05/16/2012 |
0.84% | 0.84% | $2,500 | Signature Money Market - FDIC insured. Open an account online or by phone. |
|
Ally Bank Rates updated 05/16/2012 |
0.84% | 0.84% | Money Market Savings Account - All balances - No monthly fees - Apply online | |
|
AIG Bank Rates updated 05/16/2012 |
0.82% | 0.82% | $2,500 | Signature Money Market - FDIC insured. Open an account online or by phone. |
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