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Best Money Market Rates for December 2024: Top Accounts, Features, and Benefits

The article from Business Insider discusses the best money market accounts (MMAs) available, highlighting their features, benefits, and considerations for potential savers. It emphasizes that MMAs offer higher interest rates compared to regular savings accounts, often with tiered interest rates that increase with higher balances. Key points include the ability to write checks or use a debit card, though with limitations, and the necessity of maintaining a minimum balance to avoid fees or to earn the highest APY. The article lists several top MMAs from various banks and credit unions, detailing their APYs, minimum balance requirements, and any unique features like ATM access or mobile banking capabilities. It also provides guidance on how to choose an MMA, considering factors like fees, access to funds, and the financial institution's stability. Additionally, the article touches on the current economic environment, noting that while MMAs are a good option for saving, the rates can fluctuate with market conditions.

Read the Full Business Insider Article at:
[ https://www.businessinsider.com/personal-finance/banking/best-money-market-accounts ]