Best answer

Online Money Market Account RatesOnline Money Market RatesBankAccount BalanceRatesAlly Bank$0 – $24,999 $25,000+0.90% 1.00%Discover$0 – $90,999 $100,000+1.25% 1.30%Northpointe$0 – $2,499 $2,500 – $24,999 $25,000 – $99,999 $100,000+0.20% 0.25% 0.40% 0.50%2 more rows•Jan 14, 2020

Answered by: Sheehan Alam Date created: May 17, 2022

What is the highest money market rate?

Asked By: domsson Date created: May 11, 2022

Here are Bankrate's top money market accounts for 2019:

  • BMO Harris - 2.35% APY.
  • Sallie Mae - 2.15% APY.
  • TIAA Bank - 2.15% APY.
  • UFB Direct - 2.15% APY.
  • Investors eAccess - 2.10% APY.
  • Wells Fargo - 2.05% APY.
  • State Farm - 2.00% APY.
  • Capital One - 2.00% APY. $10,000 minimum deposit for interest rate.
Answered By: Chris Moschini Date created: May 13, 2022

What is Vanguard Prime Money Market Fund paying?

Asked By: Mark Rotteveel Date created: May 12, 2022

Vanguard Prime Money Market Fund (VMMXX) Vanguard Prime Money Market Fund seeks to provide current income and preserve shareholders' principal investment by maintaining a share price of $1. Investors who have a short-term savings goal and seek a competitive yield may wish to consider this option.

Answered By: M. Deinum Date created: May 13, 2022

What is a prime money market fund?

Asked By: Josh Smeaton Date created: Apr 28, 2022

Prime money market funds provide a way to invest money and earn a monthly dividend. Compared to money market accounts offered by banks, prime money market funds offered by mutual fund companies have a slightly higher rate of return, and you can access your prime money market cash at any time without penalty.

Answered By: G. Grothendieck Date created: May 01, 2022

What is the best way to borrow money for home improvements?

Asked By: ddinchev Date created: Apr 29, 2022

Home improvement financing types

  1. Mortgage refinance. If you financed your home a few years ago and your interest rate is higher than current market rates, a mortgage refinance could lower your rate — and your monthly payments.
  2. Home equity line of credit.
  3. Home equity loan.
  4. Personal loan.
  5. Credit card.
  6. Save up and pay cash.
Answered By: João Soares Date created: May 02, 2022

What is the difference between a CD and a money market account?

Asked By: Lagerbaer Date created: May 13, 2022

The biggest difference between a CD and a money market account is liquidity. CDs typically have a higher interest rate than money market accounts. Banks know they're going to have your money longer, so they can afford to pay you a higher interest rate when you've deposited your money into a CD.

Answered By: OMR Date created: May 13, 2022

What is the difference between CD and money market?

Asked By: Kent Date created: Apr 30, 2022

The biggest difference between a CD and a money market account is liquidity. CDs typically have a higher interest rate than money market accounts. Banks know they're going to have your money longer, so they can afford to pay you a higher interest rate when you've deposited your money into a CD.

Answered By: Joe Kington Date created: Apr 30, 2022

What are money market problems?

Asked By: hadley Date created: May 03, 2022

The problems include: liquidity crisis, non-performing loans, growing gap between lending and deposit growth, widening current account deficit, a distortion in the interest rate market and a lack of skilled manpower. The observations came at a meeting on the prevailing money market situation and the way forward.

Answered By: Pablo Cegarra Date created: May 05, 2022

What are the problems of money market?

Asked By: chitown88 Date created: May 14, 2022

The problems include: liquidity crisis, non-performing loans, growing gap between lending and deposit growth, widening current account deficit, a distortion in the interest rate market and a lack of skilled manpower. The observations came at a meeting on the prevailing money market situation and the way forward.

Answered By: BobMorane Date created: May 15, 2022

How can I get money for home improvements?

Asked By: lukasgeiter Date created: May 06, 2022

Home improvement financing types

  • Mortgage refinance. If you financed your home a few years ago and your interest rate is higher than current market rates, a mortgage refinance could lower your rate — and your monthly payments.
  • Home equity line of credit.
  • Home equity loan.
  • Personal loan.
  • Credit card.
  • Save up and pay cash.
Answered By: G-Cyrillus Date created: May 06, 2022

What happens to the LM curve if money demand increases?

Asked By: cssyphus Date created: May 06, 2022

The increased demand for cash shifts the LM curve up. This happens because at any given level of income and money supply, the interest rate necessary to equilibrate the money market is higher. The upward shift in the LM curve lowers income and raises the interest rate.

Answered By: Shamsail Date created: May 08, 2022

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...

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