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
advertisement

Ask Dr. Don

Use bonds for school, avoid tax?

Dear Dr. Don, This is a bad news, good news situation that I'm asking about. I just received several Series EE and Series I savings bonds. I am the so-called payable-on-death beneficiary on the bonds. My mom, who purchased... Read more

advertisement

Connect with us