Highest Money Market Rates 2024. Low commission rates start at $0 for u.s. However, the best money market rates in may 2024 were above 5.00%.
If you invested $10,000 into an mma for a year, with a 5.12% apy that compounds daily, you’d earn. The money market account national average apy is at 0.48 percent as of june 1, 2024, according to bankrate’s most recent survey of banks.
Published 9:15 Am Edt, Mon May 13, 2024.
The highest rate available is 5.12%, the same as last week.
The 10 Best Money Market Funds Of May 2024.
According to the fdic, the average money market apy is 0.68%.
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For Depositors Who Have A Substantial Sum They Want To Keep Liquid While Earning Interest — Ideally Above $100,000 — You Will Get The Top Apy Of 4.81%.
If you invested $10,000 into an mma for a year, with a 5.13% apy that compounds daily, you’d earn.
Treasury Secretary Janet Yellen Said The Outlook For Higher Interest Rates Over The Long Haul Makes It Tougher To Contain Us Borrowing Needs,.
Current money market rates have reached over 5% apy, some of the highest we’ve seen in quite some time, thanks to today’s rate environment.
The Highest Rate Available Is 5.12%, The Same As Last Week.
