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Gambling a bit on an up-and-coming stock can be enticing, but if you're really looking to save, a money market account is a safe bet. Money market accounts in Long Island, NY, are currently at an average of 0.16 percent, but many large national and online banks are offering rates above the national average.
A money market account offers the benefit of liquidity and safety with a yield that's better than other interest-bearing savings accounts. Look for money market accounts in Long Island, NY, and in cities across the nation.
Money market accounts in Long Island, New York
Here are the money market account rates in Long Island, NY, as of 5:30 p.m. on Friday.
| Bank Institutions | Intro Rate | Intro Months | Rate After Intro | APY | Min Bal Open | Min Bal Avoid Fees | Monthly Fees |
| Ally | 0% | 0 | 1.03% | 1.04% | $0 | $0 | $0 |
| Citibank | 0% | 3 | 0.1% | 0.1% | $100 | $1,500 | $9.50 |
| Wells Fargo | 0% | 0 | 0.05% | 0.05% | $100 | $3,500 | $10 |
Calculate your money market account rate with our savings calculator.
