Best Money Market Account Rates – Banks Offering Rates Between 1.25% and 1.5% on Personal Accounts
Posted on | April 26, 2010 | Comments Off
Many Americans who are looking to invest their money with very little risk will likely search for the best money market account rates available. At the present time banks are offering rates between 1.25% and 1.5% on personal accounts. While these rates are not nearly as high as they once were it is still a very safe investment to go with a money market account.
While the stock market and economy fluctuate up and down you will see the same return on your money market account month after month. Unfortunately, the return is not nearly as high as some other risky investments but you know that you will not lose money over the long run.
By doing your research online you could find many banks and financial institutions that will help you open a money market account today. It is extremely important to make sure that you understand what the minimum deposit requirements are and if there are monthly maintenance fees. These fees could end up eating away at the interest you are earning which is exactly what you do not want.
Author: Mike Garner