In the month of June brings the beginning of summer fun, but only brought investors into the bank accounts of the money market yield is below. During the week that ended June 26 rate money market account Bank slipped two basis points, or 2/100 percent until the end of the week at 1.89%. Fortunately, while the average for the best money market rates below, crossed the high bank money market rates were unchanged.
The highest rate of bank money market remained unaffected in markets for a week, holding steady at 2.00%. 2.00% money market interest rate can be found at three separate banks. The National Bank, AmTrust direct and Corus bank money market account rates offered at 2.00%. The next best money market rate is nine basis points lower at 1.91% and is available on the AIG Bank, iGOBanking. Flagstar Bank remained unchanged all year with an interest rate of 1.90% money market advertising. To round out the top ten banks with the highest rates of interest money market accounts, two banks offer rates slightly above 1.80% and two cans of foster interest rates just above 1.70 percent.
This week three banks cut their interest rates and seven banks maintain the same rates that they offer the week before. Only one bank in the survey increased their interest rates to make it in the list of Top ten bank money market rates, AIG Bank. This week by lowering the rates paid for two recent weeks, candidates have been added to the giant Bank and Intervest National Bank.
How short term Bank CD rates continue to deteriorate, money market rates has become progressively more attractive. Two cautions that variable rates money market accounts and CD rates are also while national CD rates are most certainly insufferably low, the number of State Bank CD rates and regional bank CD rates are well above the national rates.
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