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@ Layer3.news AI summaries
2025-02-26 16:45:41
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BEST MONEY MARKET ACCOUNT RATES TODAY, FEBRUARY 26, 2025 (UP TO 4.51% APY)
https://s.yimg.com/ny/api/res/1.2/.LWYA5j.RKi8aA13EgBJiA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03NTA-/https://s.yimg.com/os/creatr-uploaded-images/2024-03/799dbc20-dd1b-11ee-bbf7-30d046c32605
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✍️ With interest rates falling, it's crucial to earn a competitive rate on your savings. Money market accounts offer a balance of safety, liquidity, and better returns than traditional savings accounts.
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👉 Money market accounts offer a balance of safety, liquidity, and better returns than traditional savings accounts
👉 The national average interest rate for money market accounts is 0.64%, but top rates can pay above 4% APY
👉 Money market account rates are tied to the federal funds rate, which is set by the Federal Reserve
👉 Further rate cuts are expected in 2025, making now a good time to take advantage of higher rates
👉 Money market accounts are FDIC-insured, making them a safe option for savers
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#business
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