RateAPY

H&R Block Bank Money Market Account Pays up to 1.75% APY

Posted by: RateAPY Bank Rates News
February 1st, 2010

Money market rates are generally better than interest rates paid by ordinary savings accounts, and money market accounts offer flexibility as well. For example, money market accounts don’t require you to tie up your funds for set periods as certificates of deposit do. And that’s important at a time when some are predicting that interest rates may rise later in the year.

For example, Stephen Stanley, who is the chief economist at RBS Securities, told the Financial Times recently: “We believe that monetary policy is going to shift hard and fast this year, with liquidity adding through March flipping to significant liquidity draining by late April or early May, and rate hikes beginning in June.”

Competitive Money Market Rates

The H&R Block Bank Money Market Account may offer the flexibility you need in a potentially changing market along with some competitive interest rates:

• Money market deposit $0 to $999–0.85% APY
• Money market deposit $1,000 to $4,999–1.00% APY
• Money market deposit $5,000 to $9,999–1.15% APY
• Money market deposit $10,000 to $24,999–1.30% APY
• Money market deposit $25,000 to $49,999–1.50% APY
• Money market deposit greater than $50,000–1.75% APY

Compare Money Market Rates

To ensure that you get the best possible deal for your savings, compare money market rates now.