3 money market account features for savers to take advantage of now

CBS News Top ·

3 money market account features for savers to take advantage of now

A money market account has multiple features for savers to explore right now. Alistair Berg/Getty Images A Federal Reserve meeting earlier in June that left elevated interest rates on pause , …

A money market account has multiple features for savers to explore right now. Alistair Berg/Getty Images A Federal Reserve meeting earlier in June that left elevated interest rates on pause , combined with the potential for rates to rise even further later in 2026, has left many savers wondering about their next move. And while there are certain account types to avoid and critical mistakes to circumvent, there are plenty of high-rate accounts still worth serious consideration right now. A money market account is one of the better options to explore. Money market accounts have high interest rates that can help grow your money faster and more effectively, with none of the risk that investing presents in today's uncertain economy. But that elevated rate isn't the only feature for savers to take advantage of in today's inflationary economic climate. Below, we'll detail three other features worth knowing right now. See how much interest you could be earning with a high-rate savings account here . 3 money market account features for savers to take advantage of now Not sure if a money market account makes sense for you? Here are three valuable, timely features to consider now: A high rate that can easily rise further Money market accounts come with top interest rates just under 4% now, making them exponentially more profitable than the average 0.38% rate you may currently be earning with a traditional savings account. …

Original source: CBS News Top

Mentioned

Federal Reserve