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Both accounts come with high interest rates right now. But which will earn more interest with a $20,000 deposit?
A CD can help you lock in a high rate or save for future goals, but a money market account offers other benefits.
Don't deposit $20,000 into either account type before calculating the interest-earning potential each offers now.
Money market accounts earn higher interest rates than checking accounts. Other money market account features include check-writing privileges, debit card purchases and FDIC/NCUA-insured protection.
A money market account typically offers a higher APY than most traditional savings accounts, plus you can easily access your money and you get the financial security of FDIC protection on balances ...
Meriwest Credit Union is excited to announce the launch of the SecureEdge Money Market Account (MMA), an innovative design to ...
A recent JPMorganChase Institute analysis found that savvy consumers are thinking beyond the traditional savings account.
Having $30,000 in your savings is a great emergency fund, but if it’s sitting in a traditional bank account earning nearly 0% ...
The Federal Reserve held interest rates steady again this week, and could even keep them in neutral until October. For savers ...
Key takeaways Savings accounts are not designed for everyday spending, and many banks and credit unions impose monthly limits on the number of transactions you can make from a savings account. If ...
I'll always have money in high-yield savings. But right now, I see a better long-term opportunity. Here's what it is -- and how you can capitalize on it, too.
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