Reference Rates FEDERAL RESERVE BANK of NEW YORK
It’s a type of low-risk vehicle that typically invests in high-quality securities. The best money market mutual funds offer a flexible investment solution for your money while earning interest. Another difference between CDs and money market accounts are the type of interest rate they each have. When you open a CD, you lock in a fixed interest rate for the entire CD term. Money market accounts have variable APYs, which means that the rate can rise or fall on any given...
