Ask Terry Questions Suggestions on money market accounts

Suggestions on money market accounts

By Terry Savage on April 06, 2024 | Chicken Money

I currently have a money market account with avg $10k. Last year I made .03% 5.48. I hear about all the savings giving 4-5% now. How do I find a bank that is offering that kind of rate?

Terry Says

Do you need immediate access to your money?
If so check out a MM fund offered by Fidelity or Vanguard.
If you’re willing to tie up your money for 6 months, you can get 5.3% in Treasury bills.
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