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Weekly Money Market Account – Savings Account Rates:Updated May 21, 2009

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weekly-money-market-account-savings-account-rates-updated-may-21-2009Money market account rates and savings account rates are dismal these days. The average rates for all account balances are under one percent. You can find promotional money market accounts and savings account rates that are a lot higher than the average rates.

The average money market account rate - savings account rate is .70 percent for balances of $50,000 or more. Currently AIG Bank is offering an annual percentage yield of 2.06 percent. Almost three times the national average.

Average rates on money market/savings account rates for balances of $25,000 is .63 percent this week. Higher rates are available, Nationwide Bank is offering an annual percentage yield of 2.15% for balances of $25,000.

Rates on lower balance money market accounts/savings accounts are running at .54 percent for balances of $10,000 and .44 percent for balances of $2,500. Higher rates can be found for balances of $10,000, AIG bank is offering an APY of 2.01 percent and Nationwide Bank is offering an APY of 2.15 percent. For balances of $1,000, Bank of Internet is offering an APY of 2.06 percent.

Use our money market/savings account search engine to find the best rates in your area.
Author: Brian McKay
May 21st, 2009