I recently looked at the interest rate on the money market account that I use as an emergency fund and was surprised that it was only 2.0%. As I should have to roughly $5000.00 in this account by December and $10,000 by June I would like a better rate on my money, thus I am considering switching to a different bank. I know my main objective for this account is not getting the highest interest rate, but rather having liquidity in case of an emergency. I know there are banks out there that do have higher interest rates, so dear readers, what banks do you recommend for emergency funds/money market accounts?
until next time, think prosperous thoughts