America's Best Rates highlights the banks that are still committed to providing savings account rates and money market account rates that are many times the national average.
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Some banks have "switch kits" online to make moving your checking or savings account to their bank a simple process. But if you want to take your business to a bank that doesn't have a kit, the task is still not too difficult.
"Net interest margin" is a phrase that probably doesn't mean much to you, but right now it is costing you dearly if you have a money market account.
Q: I saw an article recently saying that the number of banks in financial trouble was at the highest level in 18 years. I have a money market account ...
Rising interest rates might sound good to people with savings accounts and money market accounts, but if it comes at the expense of runaway inflation and a crippled economy, nobody wins.
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