Top-yielding money market accounts currently pay APYs greater than 4%, while the average bank pays just 0.61% on standard ...

While savings products largely shed yields over the past year, money-market accounts have bucked the trend with averages holding at 0.66% APY over the period, according to the latest government data.

The difference between money market accounts and savings accounts boils down to this: Money market accounts act like savings accounts with checking account features (check-writing, debit cards), while ...

Savers have come out on top over the past few years, thanks to the rate hikes conducted in 2022 and 2023 by the Federal Reserve to help tame inflation. The decisions the Federal Reserve makes for its ...

Money market accounts (MMAs) — not to be confused with money market funds — combine features of savings and checking accounts, allowing holders to write a limited number of checks and get a higher ...

The average checking account interest rate is 1.75 times higher than it was in 2022, according to October data from WalletHub ...

New research finds that more Americans are shifting their money from checking and savings accounts into financial vehicles that pay an investment income — a trend that helps to explain the resilience ...