Are you wondering where to find the best money market? The best money market rates can usually be found online. Rather than going from bank to bank or broker to broker, you have to do is perform a search on the web. Although they will not vary too much between companies that occasionally you can find a rate better than the others.
Your best bet is to find an institution that makes a promotion. Banks and other credit institutions do promotions from time to time, where they offer quarter or half percentage points better in a money market rate just to get your business. Have you ever received a CD in your local bank at a certain pace and then gone back a week later to find signs everywhere and they are promoting a drop better than what you got? This is what you are looking for online.
Naturally, to benefit from a good rate you find online for money market accounts or CDs, you should be familiar with doing business with a company that probably is not located in your state. So if you are a person who only likes to do business with local companies and banks to find the best money market rates may be limited to your own town. If you are one of those people you really need to know that your money market funds is just as safe with a company that is available via the Internet, as it is with your local bank. As long as you deposit an amount below the amount secured by FDIC insurance, your money will be fine where it is.
Best Money Market Rates
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