What Are the Best Money Market Returns?

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A money market account is an account that's of a higher risk tolerance than a checking account, and the best money market returns can be found on Bankrate.com. Get a better rate of return on money markets than the traditional bank distribution network with help from a registered financial consultant in this free video on investments and personal finance.

Part of the Video Series: Beginner Investing
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This is financial adviser, Patrick Munro talking about what are the best money market returns. A money market account is an account that's of a slightly higher risk tolerance than a checking account. It allows you to have a better rate of return than the traditional bank distribution network. The best money market returns are found on BankRate.com which is a clearing house on the Internet that you can absolutely see which banks are offering the highest rate at any given time. It's constant to be vigilant about what's going on because financial markets change on a whim, especially nowadays in these very volatile times that we find ourselves in. Sometimes is doesn't make sense to chase the best money market return if you don't know the financial institution that you're going to be placing the money with. If you're comfortable with your current financial institution that are willing to match or come close to the highest availing rate that you could find out there, this may be a better route for you to go, thus the saying, the devil you know, is the best way to stay. This is Patrick Munro talking about the best money market returns.

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