Money Market Rates December 17, 2018

The best money market rates for December 17, 2018 are still just below 2.50 percent. The current best money market rate on the rate list is at 2.25 percent with minimum opening deposit of $25,000. Before the end of December 2018, we might see the best money market account rates hit 2.50 percent. The reason why money market rate would move up by 0.25 percent is the Federal Reserve. The Fed is widely expected to increase their key benchmark interest rate the fed funds rate by .25 percent. A rate increase would drive online banks to increase money market rates. You can search for and compare rates here to get the best money market rate.