Money Market Accounts Offer Consistent 5.00% APY in December 2024
TL;DR Summary
Money market account (MMA) rates have been affected by recent Federal Reserve rate cuts, with the national average at 0.60% APY. However, some accounts still offer high rates, such as Zynlo's 5.00% APY. With rates potentially declining further, it's advisable to compare and consider opening an MMA now to maximize earnings. The interest earned depends on the APY and compounding frequency, with higher deposits yielding more interest.
- Money market account rates today, December 8, 2024 (best account provides 5.00% APY) Yahoo Finance
- Money market account rates today, December 5, 2024 (up to 5.00% APY) Yahoo Finance
- Money market account rates today, December 6, 2024 (up to 5.00% APY return) Yahoo Finance
- Money market account rates today, December 9, 2024 (earn up to 5.00% APY) Yahoo Finance
- Money market account rates today, December 4, 2024 (up to 5.00% APY) Yahoo Finance
Reading Insights
Total Reads
0
Unique Readers
2
Time Saved
2 min
vs 3 min read
Condensed
84%
428 → 67 words
Want the full story? Read the original article
Read on Yahoo Finance