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Finding Consistent Money Market Rates

Category: Articles- gotalkmoney.com- 2:34 pm/ April 12, 2008

If you’re currently looking for a decent money market account and you’re not sure who you want to use because of the fear of banks lowering rates or because the bank has a bad rating, we have implemented a system at GOtalkmoney to show you exactly whose consistent and who’s not.  I’ll show you how the system works –

If you go to our official top ten money market chart, you’ll notice that there’s a category with the column header “W”.

This column shows you how long the current bank has been on the top ten consistently.  This is a great way to see exactly how long a bank has been on the top ten.  The longer they are on the top ten charts, the more likely their rates are going to stay the same.  But remember, a bank can change their money market rate anytime soon.

Here are the top three money market accounts that have remained consistent for the past three months.

WTDirect is offering a 3.31% and has been on the charts for 25 weeks straight.  They are currently ranked #10.

Corus Bank is offering a 4.00% and has been on the charts for 22 weeks straight.  They are currently ranked #2.

OneUnited is offering a 3.60% and has been on the charts for 20 weeks straight.  They are currently ranked #7

As for the minimum balance, WTDirect is $10,000, OneUnited is $1,000, and Corus is $100.

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