» Money Market Accounts

The invention of the computer has changed the way Americans function.  We used to be able to say things like, “I was out all day and I missed your call,” or “I just received your letter in the mail.”  Now, we are always available practically all the time through the technology of cell phones, the Internet and the combination of having the Internet on cell phones.  Just as we Americans have evolved to embrace the changes, so has banking.  Online banking offers the convenience of doing your banking through a secure website on the Internet.  Gone are the days when you have to walk or drive to your bank to complete all your transactions, especially since many banks today are Internet banks only and don’t even have a branch for you to visit.

Benefits

The benefits and drawbacks of money market accounts through U.S. Bank will be discussed in this poster.  The interest rates and APY on any account can change often, so we explain those rates in this post so the US bank review will stay current, even if the interest rates change.  U.S. Bank offers basic money market accounts that serve those who can maintain a higher balance and those who want just the basics.

Standard Money Market Account

U.S. Bank has a standard money market account that is FDIC Insured and claims to offer competitive rates, however, our best rates chart offers far better rates from other banks. The minimum opening deposit on the account is $100… » Read more

At KeyBank, their savings account and their money market accounts are similar.  But, there are differences between the accounts, differences that can help you gain more interest and make more money off your own money.

Key Gold Money Market Account

KeyBank offers savings and money market accounts to help you put money aside for the future.  They have a Gold and a Silver Money Market Savings Account available for consumers to choose from.  Just as gold is worth more than silver, the Gold account requires more money to open the account than the Silver account.  The Gold account requires $30,000 to open the account and the rates aren’t great.  The highest interest rate you can earn on your money through the… » Read more