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The thought of a hot stock is a nice one, but if you're really looking to save for the long-term, a money market account is a safe bet. Money market accounts in Miami, FL, are staying around an average of 0.16 percent, but many large national and online banks are offering rates above the national average.
Money market accounts offer safety and liquidity with a yield that is generally higher than other interest-bearing savings accounts. Look for money market accounts in Miami, FL, and in cities across the nation.
Money market accounts in Miami, Florida
Here are the money market account rates in Miami, FL, as of 2:00 p.m.
| 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 |
| Flagstar Direct | 0% | 0 | 1.10% | 1.11% | $1 | $0 | $0 |
| BankUnited | 0% | 0 | 0.85% | 0.85% | $1,000 | $1,000 | $8 |
| Bank of America | 0% | 0 | 0.08% | 0.08% | $25 | $5,000 | $12 |
| Wachovia Bank NA | 0% | 0 | 0.02% | 0.02% | $100 | $2,500 | $10 |
Calculate your money market account rate with our savings calculator.
I wish I had the money to buy a house in Miami in this market.