how much interest does a money market account earn 2018

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Competitive U.S. banks pay 1.6% to 1.8% interest on money-market type savings accounts, compared to about 0.1% for average banks (as of July 2018).

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What savings interest rate should you be getting? 0.01% and 0.03% is considered low. While 1.05% isn’t really that much, its still 100x better than what you …

At its simplest, interest is the cost of borrowing money. Generally, you’ll pay interest to borrow money, and you can collect interest when you lend money.

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