If your bank requires a $ 10,000 deposit and that seems too difficult to achieve,
compare money market account rates and deposit requirements for interest - bearing accounts at other banks.
Nathan Richardson presents Best Rates on Money Market Accounts posted at Deals & Tips, saying, «Earn more money on your emergency fund now, we've collected to best
yielding money market account rates.
While checking accounts generally earn lower rates of interest than other kinds of deposit accounts, some of them can be quite competitive with savings account and
money market account rates which also giving you unlimited check writing ability and access to your deposited funds.
In a MoneyRates America's Best Rates survey released earlier this year, the best rates among savings accounts consistently beat out the best
money market account rates.
Money Market Account Rates: Average APYs are based on Money Market Accounts of $ 10,000.
By comparison, average savings and
money market account rates — for accounts less than $ 100,000 at banks — averaged 0.06 percent and 0.10 percent.
The Money Market Account rate remains at 1.90 % APY.
Fifth Third Bank: Any Fifth Third checking account other than a Basic Checking or Express Banking account will double
your money market account rate, but Fifth Third's rates may be lower if you live in certain areas.
Money Market Account Rates: Average APYs are based on Money Market Accounts of $ 10,000.
Their Money Market Account rate closely resembles their savings and checking accounts.