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Money Market Accounts

When shopping for a savings account, don't forget to consider money market accounts. Explore the different benefits of MMAs.

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A man looking at a comically large stack of cash
This type of account can offer a low-risk way to earn a high yield.
Getty Images; Illustration by Bankrate
What every saver needs to know about money markets accounts.
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Follow these simple steps to earn competitive rates on your shorter-term savings.

Get the most out of your money market account

MMA

Why get a money market account

Learn about how these lesser-known accounts walk the line between savings and checking accounts, offering some of the best features of both.

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MMA

Pros and cons of MMAs

Explore the main advantages and disadvantages of opening a money market account.

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Are MMAs safe?

Understand the safety and flexibility of using an MMA to store your savings.

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How to open an MMA

Bankrate's complete guide to opening a money market account to grow your savings.

 

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Weekly MMA Rates

Bankrate consistently has offers well above the national average to help you earn more on your savings.

Bankrate Partner Average

3.84%APY
VS

National Average

0.45%APY

Experts in all things banking

Our expert writers and editors bring you timely news and reliable information - backed by data and first-hand experience.

About Bankrate's team
Greg McBride

Greg McBride, CFA Arrow Right Icon

Chief Financial Analyst

Sarah Foster

Sarah Foster Arrow Right Icon

Principal U.S. Economy Reporter

Mark Hamrick

Mark Hamrick Arrow Right Icon

Senior Economic Analyst

Latest articles

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Learn how to set your investment goals and discover which types of investments may make sense for each one.
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Here’s how to respond to lower rates if you’re in the market for a CD or savings account.
Envelopes
One Bankrate experts suggest deposit yields may be close to bottoming out.
A front view of the Federal Reserve Bank
Consumers get more access to their savings at a time when they may urgently need it.
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Several banks continue to offer savings accounts well above 4 percent APY.
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These options are great places to stash money from a bonus, inheritance and more.
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Here’s how much $10,000 in a high-yield savings account can earn you.
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Bank account budgeting tools make it easy to track your personal finances.
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Inflation can eat away at your purchasing power, if you’re not keeping up with it.
A man works on his laptop.
Several banks are offering high-yield savings accounts well above 4 percent APY.
Image of a large money bag in a shopping cart in front of a red downward pointing arrow.
More than half of Americans also say the U.S. economy is on the wrong track.
Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank
Comparing savings rates can ensure you get the best return on your savings.
Daughter and father using mobile phone
Several banks continue to offer savings accounts well above 4 percent APY.
Man working on laptop and cellphone simultaneously
If you’ve been thinking of getting a longer-term CD, you may want to make a move.
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Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
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Bankrate’s experts are reacting live to the Fed’s latest interest rate decision.
Jerome Powell, chair of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting.
The Fed has now gone six months without cutting interest rates.
Spend money, pay bills, write checks or make fund transfers with a checking account.
Fed Chair Powell Holds News Conference Following FOMC Rate Decision
This Fed communication tool is important, but be cautious when interpreting it.
Federal Reserve Chair Jerome Powell.
The Federal Reserve announced that it’s holding interest rates steady following its March 18-19 meeting.
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