What is a jumbo money market account, and where can you find the best rates?
 Yahoo Finance·2025-01-01 02:52
With interest rates on the decline, many banking customers are doing anything they can to continue earning high returns on their deposits. One potential option is a jumbo money market account (MMA). These accounts require a higher minimum deposit than traditional MMAs (usually $100,000 and up). And in return for that larger balance, jumbo money market accounts often pay higher interest rates. Due to the high deposit requirements, jumbo MMAs may not be the best option for everyone. However, it’s one way t ...