Interest rates on savings accounts are changing!
- Banks are offering different rates on money market accounts (MMAs).
- MMAs are like special savings accounts.
- The average rate is low, but some banks offer much higher rates.
- The more money you save, the more interest you earn.
| Account Type | Interest Rate | Example |
|---|---|---|
| Average MMA | 0.64% | $1000 earns $6.42 in a year |
| High-Yield MMA | 4% | $1000 earns $40.81 in a year |
