In the market for a money market account?3 of 7The deal: Most high-yield money market accounts are FDIC-insured, but many high-yield money market accounts include balance minimums and additional requirements to receive higher interest rates.The risk: Fewer account privileges.Before you browse for high-yield money market accounts, consider your spending habits. The Federal Reserve Board's Regulation D restricts the number of total withdrawals you can make from your money market account via online banking and telephone banking to six transactions per month.The reward: Better-than-average earnings.Some online savings accounts can compare with interest rates on money market accounts that are currently hovering above 1 percent, but the most competitive money markets include additional bonuses. Searching the Bankrate money market account tables, one online bank gives new accounts an introductory rate of 2.25 percent for the first three months; a second money market account includes 2,500 bonus miles on any airline if you deposit more than $500 in the first month.Use Bankrate's money market account comparison chart to find the best interest rates available.<< Back to Savings Deposit Essentials. Related Articles:2010 money-saving tipsShop for savings account ratesCompounding and CD valueCD laddering strategiesRelated Links:CD penalties are costlyHigh-Yield Checking StudyTime for a money market account?CD or money marketadvertisement
The deal: Most high-yield money market accounts are FDIC-insured, but many high-yield money market accounts include balance minimums and additional requirements to receive higher interest rates.
The risk: Fewer account privileges.
Before you browse for high-yield money market accounts, consider your spending habits. The Federal Reserve Board's Regulation D restricts the number of total withdrawals you can make from your money market account via online banking and telephone banking to six transactions per month.
The reward: Better-than-average earnings.
Some online savings accounts can compare with interest rates on money market accounts that are currently hovering above 1 percent, but the most competitive money markets include additional bonuses. Searching the Bankrate money market account tables, one online bank gives new accounts an introductory rate of 2.25 percent for the first three months; a second money market account includes 2,500 bonus miles on any airline if you deposit more than $500 in the first month.
Use Bankrate's money market account comparison chart to find the best interest rates available.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.