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1 APY stands for Annual Percentage Yield. It's different from Rate because it takes into account compounding interest for the year.
2 MMA stands for Money Market Account. It's a savings and checking hybrid, allowing you to earn interest and use checks 6 times a month.
3 CMA stands for Cash Management Account. It’s an account with an SEC-registered broker dealer that allows your funds to be swept nightly to an interest bearing account at a federally insured depository institution.
4 The national average interest rate is currently 0.07% per the FDIC's website. Not all offers will earn 20x the interst rate over the national average. This figure is based on our highest advertised offer. Updated May, 2020.
5 Not all banks are represented.The listings that appear on this page are from companies from which this website may receive compensation, which may impact how, where and in what order products appear. APY (Annual Percentage Yield)
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