Money Market Account Funds

Banks bid in live auctions for your deposits.

Should you put your earnings into a Money Market Account or into Money Market Funds?
Read more below.

Sign Up for Weekly CD Rates and Savings Account Rates

Recent National Live Auction CD Rates
for November 20, 2009

Term National Avg APY* Overnight
Auction APY†
High-Yield Savings Account Rates 0.19% 1.64%
3 Month CD Rates 0.37% 1.50%
9 Month CD Rates 0.86% 1.75%
1 Year CD Rates 0.86% 1.92%
2 Year CD Rates 1.36% 2.21%

More National CD Rates

Show me CD Rates offered to people from my state:
*

Source: TheStreet.com

†

Overnight Auction APY is a sample rate for a nightly auction for a $50,000 deposit.

Money Market Funds from the Blog

Money Market Mutual Funds: Pain That Won't Yield

August 20, 2009

Great column by Steven Syre in the Boston Globe this week about money market mutual funds.Pain that won't yieldStart with yields: We are living through... [more]

Money Market Funds in the News

February 11, 2009

Here's some of the latest news involving money market funds:From MSNBC:Shares of investment manager Federated Investors Inc. fell nearly 10 percent Tuesday... [more]

Financial Planners: Are Bank CDs Becoming a Popular New Asset Class?

November 24, 2008

Interestingly enough, the CFP Board just released a survey of 5,000 Certified Financial Planners. The study says that given the current financial turmoil... [more]

Avoiding Overdraft Fees

August 1, 2008

I wrote last week about the possible disappearance of the paper check from our lives in the near future. Perhaps an even more important by-product of... [more]

All participating banks are Members FDIC

Recently Featured In:

  • Featured In:

  • The New York Times: Do I Hear 4%? On This Site, Banks Bid for Your Cash
  • CNN: Auction money for best rates
  • The Wall Street Journal: Want the Best CD Rates? Hold an Auction.
  • AARP Bulletin: Save a Buck: Find Highest Interest Rates Online
  • Safe CDs, checking accounts for investors scared of stocks
  • O: The Oprah Magazine
  • Boston Globe: Website lets banks bid for customers
  • CNBC: Banks Bid for Your Cash
  • MIT Technology Review
  • Money Magazine
  • Reader's Digest
  • FOX Business: Bidding for Your Money

Recent Awards: Finovate Best of Show and Online Banking Report Best of the Web

The Difference: Money Market Accounts

A Money Market Account is like a savings account which pays a higher yield while containing a few restrictions, such as how many withdrawals per month you may be allowed to make.

The Difference: Money Market Funds

A Money Market Fund, by contrast, is more complex. One main difference is that Money Market Funds are frequently not protected by the FDIC.

A Third Option: High-Yield Savings Accounts

A third option is the High-Yield Savings Account - you'll get the benefit of a Money Market Account (the high yield), and, if you procure your High-Yield Savings account through a MoneyAisle auction, you'll also have your account insured by the FDIC.

MoneyAisle auctions for High-Yield Savings accounts are free - there's no cost to try it out and see what happens when many banks compete in a live auction to give you, the consumer, the best rates in our system for your deposit. If you're looking for a great interest rate (like those you would get in Money Market Funds and Accounts) a High-Yield Savings account provides this benefit along with FDIC insurance and fewer withdrawal penalties.

Related Articles:
Money Market Account Rates
Finding the Best Money Market Account
Money Market Mutual Funds
Money Market Accounts and Savings