Money Market Account & Savings Accounts Rates: July 08, 2009
The average money market and savings rate for account balances of $2,500 decreased to 0.421 percent this week, down from the prior week's average rate of 0.427 percent. Average rates on a money market account and savings account for balances of $10,000 declined to 0.518 percent this week, down from the previous week's average rate of 0.525 percent.
Average rates for savings account and money market account balances of $25,000 are at 0.599 percent this week, last week's average rate was 0.606 percent. The average rate for account balances of $50,000 are at 0.666 percent this week, down from the prior week's average rate of 0.674 percent.
Here are a couple of banks that are offering money market account rates and savings account rates that are higher than the national averages.
Bank of Internet - 2.50%
Tennessee Commerce Bank - 2.30%
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