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Money Market Interest Rates Today: December 11, 2024 — Rates Move Downward

  • The highest money market rate as of today is 5.00%, while the national average rate is 0.56%.
  • Money market accounts (MMAs) are interest-bearing deposit accounts offered by banks and credit unions.
  • MMAs typically offer higher interest rates compared to traditional savings accounts.
  • Before opening a money market account, it is advisable to compare rates, minimum balance requirements, and withdrawal limits.

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