Club Thrifty / Best Money Market Accounts for 2019

Would you like to earn more money from your bank accounts this year? If so, think about adding a money market account to your portfolio. Money market accounts typically earn a higher rate than traditional savings accounts, and they offer capabilities similar to a checking account which make them even more attractive.

If you look at most traditional savings accounts, you’ll see rates that almost aren’t worth it:

• U.S. Bank – 0.05% APY
• Bank of America – 0.03% APY
• Chase – 0.01% APY
• Wells Fargo – 0.01% APY
• SunTrust – 0.01% APY

Traditional accounts aren’t exactly making anyone rich. But rates at money market accounts are often over 1.50% APY, and many earn 2.00% APY or more. Just think how much interest you could earn by keeping your emergency fund in a money market account instead of a traditional bank account.

Your money is safe in a money market account, too. Like savings accounts, they are FDIC-insured, which means up to $250,000 of your money is insured by the U.S. government.

Full post found here: https://clubthrifty.com/best-money-market-accounts/