Maximize Your Savings with Top Interest Rates Today, Dec. 11, 2024

1 min read
Source: Yahoo Finance
Maximize Your Savings with Top Interest Rates Today, Dec. 11, 2024
Photo: Yahoo Finance
TL;DR Summary

As the Federal Reserve cuts interest rates, money market accounts (MMAs) remain an attractive option for savers seeking competitive returns. While the national average for MMAs is 0.64% APY, top accounts offer rates above 4%, with some reaching up to 5.00% APY. These accounts provide liquidity and safety, often including check-writing and debit card access, making them suitable for short-term savings goals. With further rate cuts expected, now may be a good time to capitalize on current high rates.

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