Maximize Savings: High-Yield Money Market Accounts

Federal Reserves interest rate cuts impact money market accounts, with national averages dropping to nearly six-tenths of a percent. However, top accounts still offer rates of four percent or more. A thousand dollars in an average account earns $5.92 in a year, but in a high-yield account, it could earn $40.81, highlighting the importance of finding competitive rates for your savings.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.