Here are the latest money market interest rates of the banks that I've been tracking on my blog. Note that these rates are sorted by APY, and represent institutions that I have accounts at, or have otherwise mentioned in my blog:
0.90% Discover Bank Online Savings
0.90% American Express High Yield Savings
0.85% Urban Partnership Bank Online Savings
0.84% Ally Bank Online Savings
0.80% ING Direct Orange Savings
0.80% HSBC Advance Online Savings
0.70% FNBO Direct Online Savings
0.40% Western FCU Money Market
0.15% E*TRADE Complete Savings
0.15% Chase Plus Savings
0.10% Citibank Savings Plus
0.10% Travis CU Flexible Money Market
0.06% Patelco CU Money Market Account
In some cases, MMA interest rates are tiered. If this is the case, I usually report the interest rate at the $10,000 tier in these updates.
Rates are believed to be accurate as of 1/16/12. I did not include banks that had special, or introductory rates in the list because they are not ongoing interest rates. I am also not including non-liquid accounts such as CD's in the list. I have included a few credit unions in the list so that readers have a comparison point with banks.
Discover Bank and American Express are currently tied for the highest interest rate of 0.90% among the banks that I'm tracking. A one-time favorite, Ally Bank Online Savings has dropped a few positions in my list. Rounding out the bottom of this list are two credit unions, Travis CU, and Patelco CU. I question the motives of those who have encouraged others to transfer their money from banks to credit unions during Bank Transfer Day last month. The credit unions on my list are on par with Citibank, which is really the bottom of the heap, as far as banks are concerned.
It seems that the general interest rate trend is down. I was especially disappointed that the interest rates for Citibank and Chase were so low. Since I still have significant funds in these institutions, I think that it is time for me to consider moving some money around to other institutions, but I won't be transferring the funds to a credit union.
So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.
Duplicated Securities in Quicken
1 week ago
i think you invest in stock market. here is the today stock tips--MCX SILVERMIC April contract was trading at Rs 54450.00 up Rs 105.00, or 0.19%. It touched an intraday high of Rs 54540.00 and an intraday low of Rs 54000.00.
Commodity Tips Free Trial
Thanks for sharing all the information
It's tough to believe rates are so low. We are refinancing in order to take advantage!
Theirs an exchange traded fund the ishares intermediate investment grade corporate bond fund. Its currently yielding 3.75 percent
Actually just signed up with Ally!
It is really very helpful information. Great done!!!
Excellent and inspiring tips I like your post and it really gives an outstanding idea that is very helpful for all the people on web.
It's glad to see good information being convey. Its a very nice written, and I really like this blog. Thank you for sharing this info.
Regards: Free Commodity Tips
BSE index: - 17151 & 16814 crucial sideways trading range. Break out above 17151 or break down below 16814 decisive move will be seen.
thanks for sharing this post! it's really great information.
Thanks for the FANTASTIC post! This information is really good and thanks a ton for sharing it :-) I m looking forward desperately for the next post of yours..
Putting money in a money market fund is like giving your money to someone to use for free.
very good article thanks for sharing energetic information. i really appreciate u . you need to work more to promote your website. I read blog on daily base.
best buy security cameras outdoor
Very good article thanks for sharing energetic information. I really appreciate u . You need to work more to promote your website. I read blog on daily base.
best buy security cameras wireless
Post a Comment