What is a high-yield money market account?

Answer A high-yield money market account is a type of savings or checking account. Terms and features of high-yield money market accounts vary, but what they have in common is that they pay you a higher i... Read More »

Top Q&A For: What is a high-yield money market account

Is there a difference between the APY on a savings account& a high-yield money market account?

No, the formula for annual percentage yield (APY) is one plus the periodic interest rate. Then raise the sum to the power of the number of periods of investment. Finally, subtract one. The formula ... Read More »

What is a high-yield money market?

According to a survey by Forrester Research in 2006, 30 percent of American households have $10,000 sitting in a bank account, making little to no interest. One way to increase the overall amounts ... Read More »

What is a high yield money market fund?

Investments fit into the broad scope of personal finance and with the right tools can better your financial outcome. A money market fund is one tool that offers a low-risk return on your investment... Read More »

How to Compare High-Yield Money Market Accounts?

No matter how much or how little money you have to put away, you want to make the most of those funds. Using a bank's high-yield money market account to keep your money safe and available is one of... Read More »