Money market account rates today, November 24, 2024
Sun, Nov 24, 2024 5:47 PM

Money market account rates today, November 24, 2024

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Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed slashed the federal funds rate by 50 basis points in September and another 25 basis points in November. So deposit rates — including money market account rates — have started falling.

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