RateAPY

Money Market Accounts And Current Economic News

Posted by: RateAPY Bank Rates News
November 5th, 2009

How Money Market Accounts and Interest Rates Might Respond To Economic News

Positive economic news may mean higher interest rates for your money market accounts or other investments such as certificates of deposit, checking accounts, or savings accounts. Today’s economic news was positive. Initial jobless claims decreased by 20,000, to the lowest level since early January. The decrease was much more than anticipated. While overall jobless claims are still at a very high level, many economists see positive signs in the labor market. Continuing claims also fell. The unemployment rate for workers with insurance for the week ended October 24, 2009 was 4.4%, unchanged from the prior week.

Finding the Best Interest Rates

For your online savings account, or other type of investment account, compare interest rates to find the highest possible return. Easily compare the best money market rates in a table format online.