Best Money Market Rates
Market Snapshot: (Last Updated on 2/2012)
| Money Market |
Current Rate (APY) |
Last Month's Rate (APY) |
Change |
Minimum Deposit |
| U.S. Average |
0.44 % |
0.44 % |
0.00 |
N/A |
| ING DIRECT |
0.80 % |
0.80 % |
0.00 |
$ 1 |
Review of these Best Money Market Rates Vendors:
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- ING DIRECT is a leader in online banking community, and is a publicly
traded company on the NYSE (symbol ING). ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over
60 million private, corporate and institutional clients in more than 50 countries. ING employs over 112,000 people in 65 countries, including more than
11,000 in the US, and has been operating in America for over 100 years. ING DIRECT's Money Market acount is FDIC Insured ($ 100,000 for single
accounts; $ 200,000 for joint accounts, provided that you have a personal account). An account can be opened with as little as $ 1. They never charge any sort of monthly fees or service charges, and they offer a variable Annual Percentage Yield on savings every day. Additionally, ING DIRECT offers free online transfers to and from your local bank's personal checking account, and offers free online statements. They also offer an automatic
savings plan. All deposits and withdrawals are done electronically. It takes only 5 minutes to open a Money Market account with them online.
Visit the ING Direct website for further details.
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