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

Best investment for grandkids?

Dear Dr. Don, I am a grandmother of four and want to start a life savings for my grandchildren. Their ages range from 2 to 8. Should I get savings bonds or certificates of deposit? Thank you, -- Nanna Notes Dear Dr. Don,... Read more

advertisement
Partner Center
advertisement

Connect with us