savings

6 cities with the highest money market rates

Insured by the FDIC, money market accounts offer a convenient parking spot for money. Because of the backstop from deposit insurance, MMAs don't offer a lot of yield. In these worst of times for rates, money market account rates are quite low.

The average rate in the top 25 largest markets is 0.09 percent, but banks in some cities offer better rates. Here we show six cities with the highest money market rates between Jan. 1, 2013 and Oct. 23, 2013.

For better rates, check out money market accounts at online banks or financial institutions.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

How to cash aunt's savings bonds

Dear Senior Living Adviser, I have the power of attorney for my aunt who has dementia and lives in a memory care home. She has about $30,000 in Series EE savings bonds. She is rapidly going through her savings paying for... Read more

advertisement
Partner Center
advertisement

Connect with us