Reported 2 days ago
As of December 2024, money market accounts offer unique features such as check-writing privileges and ATM access, generally follow Federal Reserve movements, though rates may not change directly with Fed adjustments. The latest average annual percentage yields (APYs) for money market accounts remain around 0.41% - 0.42%. High-yield options are available from various banks, with some offering competitive rates over 4%. Consumers are encouraged to compare rates and account features, including potential fees and minimum balance requirements, to find the best fit for their financial needs.
Source: YAHOO