A money market account interest rate is the percentage at which the bank or financial institution will pay you for holding your funds in their account. Learn more

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[{"selector":"#anim-061d3529-70b9-47aa-afaa-b0560ba92fc3","keyframes":{"transform":["translate3d(-106.30137%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-463c787f-7685-4825-8b6d-e2f4ef5cbc1b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d3256bbd-5150-4654-9ce4-8deddebd29b3","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-9c806e26-cf23-4da2-b426-59602a8fcef7","keyframes":{"transform":["translate3d(113.49694%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fc896973-b63f-460b-af99-00f6f6b867cd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4da1edb6-73e4-4865-b9c4-c5acf9a29dae","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-56934663-20a4-46dc-8a1c-e127d8df568c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(5.156250069126756%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] When you open a money market account, you are essentially lending money to a bank or financial institution. Learn more

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[{"selector":"#anim-ab9dac96-f3ae-4264-a7e1-2fe5a92c1a9d","keyframes":{"transform":["translate3d(-106.30137%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-99f4aa64-110b-4a97-8f3b-7f5dd6009474","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-279b7735-a80a-4613-afa2-d4582742030a","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-0190869f-c475-4a95-93dd-090ad4db6f6b","keyframes":{"transform":["translate3d(113.49694%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5f6210d3-db3d-4b61-9a90-415b66c81fc1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d7ffdd6b-cfa5-4e63-8bc7-26e39068b1e8","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-31961a9f-751f-4542-b88f-fed4500191d1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(13.282927712540904%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The interest rate that the bank or financial institution earns on these investments is higher than the interest rate they pay you for holding your funds in their account. Learn more

[{"selector":"#anim-685c74c5-1bc4-4635-8446-b301ed7a53a8","keyframes":{"transform":["translate3d(-106.30137%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2a75f7fc-a391-4d62-94a1-aa4aaca8a6ae","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a41ff6e0-13bb-4196-80b1-fe4f772fe097","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-c5a31a3e-8d24-4404-b21d-46b19a7bdce4","keyframes":{"transform":["translate3d(113.49694%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bee0344f-0b39-4bbe-ad05-27cce1dee448","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fe301670-c6ed-4ad5-a876-b562bef78621","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-f3db6d55-be55-4a55-a1a5-7cb24d69d211 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The difference between the interest rates is known as the “spread,” and it’s how banks and financial institutions make a profit Learn more

[{"selector":"#anim-a4c857eb-754d-42b0-8ad2-bdb957dcda75","keyframes":{"transform":["translate3d(-106.30137%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a5980698-4099-48ee-a62d-ec1193611487","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0c2ca616-cd54-4b38-aca0-62378d164d38","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-e404adba-fa89-43f8-8d6f-c571cf574d18","keyframes":{"transform":["translate3d(113.49694%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a404fca2-fb64-48c7-95d8-0354902be398","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0fcee790-5c54-4c85-a74b-13dba7d3930b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-d800d3d2-9203-4778-9b72-f7a2e190d19a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(25%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The interest rate on a money market account is important because it directly impacts how much you can earn on your deposits. Learn more

[{"selector":"#anim-2a066d1e-4f1e-40bb-b7b9-4a6ec44f60c5","keyframes":{"transform":["translate3d(-106.30137%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c4479d49-cab4-4592-81e1-1001be9cdc5a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d8908eba-bda0-45eb-8eb1-61c3fc15890e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-7de5cee0-7736-4c11-a4c2-ac69375cea89","keyframes":{"transform":["translate3d(113.49694%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-33a9479c-1280-4fcf-b568-215207eaf5f6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ce819212-a5a2-4d4c-acb8-af78c08bf89e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-60c0a6c1-73bc-42f2-bc26-ddae662d1a5e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] You can make more money if the interest rate is greater. Learn more

What Is A High Yield Money Market Account?

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