The average money market account yield showed no movement our survey this week. It's still at 0.14 percent. And rates probably won't be moving anytime soon -- the Fed has put a hold on yields until 2014. But if you're looking for a better money market account and rates in State College, PA, our rates survey can help.
Despite low yields, MMAs are a safe bet. They are insured by the FDIC up to $250,000 per depositor per bank. If you're banking at a credit union, your money is covered up to the same amount by the NCUA. Shop around thoroughly for a money market account and rates in State College, PA, and in other areas of Pennsylvania.
Money market account and rates in State College, Pennsylvania
Here are the money market account rates in State College, PA, as of 10:00 a.m. on Friday.
|Bank Institutions||Intro Rate||Intro Months||Rate After Intro||APY||Min Bal Open||Min Bal Avoid Fees||Monthly Fees|
|National Penn Bank||0%||0||0.08%||0.08%||$25||$1,000||$10|
|First National Bank of Pennsylvania||0%||0||0.05%||0.05%||$5,000||$5,000||$10|
Calculate your money market account rate with our savings calculator.