The national average for money market accounts is 0.14 percent for the second week in a row. Because the Fed is keeping rates low until 2014, there won't be much movement in yields for a while. But that doesn't mean you should completely count out MMAs. Use our rates survey to find the best money market account and rates in Silver City, NM, and in other areas of New Mexico.
Money market accounts can be a good place to keep your savings while you're looking for more lucrative investments. They are insured by the FDIC up to $250,000 per depositor per bank. If you're banking at a credit union, they are insured by the NCUA up to the same amount. Make sure to shop thoroughly for a money market account and rates in Silver City, NM, to find the best yields.
Money market account and rates in Silver City, New Mexico
Here are the money market account rates in Silver City, NM, as of 10:00 a.m.
|Bank Institutions||Intro Rate||Intro Months||Rate After Intro||APY||Min Bal Open||Min Bal Avoid Fees||Monthly Fees|
|Bank of America||0%||0||0.08%||0.08%||25||$2,500||$12|
|Wells Fargo Bank||0%||0||0.05%||0.05%||$100||$3,500||$10|
|Bank of the West||0%||0||0.05%||0.05%||$1,000||$1,000||$10|
Calculate your money market account rate with our savings calculator.