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Best money market account rates today, May 16, 2024 (up to 4.41% APY return)

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Summary
Nutrition label

69% Informative

Federal Reserve cut the federal funds rate three times in 2024 for a total reduction of one percentage point.

The national average rate for MMAs is just 0.63% , according to the FDIC .

Top high-yield money market accounts offer well over 4% APY — more than six times the national average.

Money market accounts are considered low-risk, FDIC -insured up to the standard $ 250,000 per depositor.

VR Score

72

Informative language

72

Neutral language

50

Article tone

informal

Language

English

Language complexity

44

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

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no external sources

Source diversity

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