A money market account is a higher-interest deposit account offered by financial institutions, including banks and credit unions. If you’re saving for a future goal or want your money to grow more quickly while avoiding unsecured market investments, a money market account may be the right choice for you.
In addition, State Farm Bank also offers a competitive online money market account that earns an interest rate of 0.80% for To review of a list of the best CD rate available nationally by term refer to the following sections on the home page of Selectcdrates.com, 6 month CD rates, 1 year CD rates, 2 year CD rates, 5 year CD rates.
Health Savings Account Overview. Farm Bureau Bank's comprehensive HSA program gives you full control over your health-care plan. Use your HSA to reduce or even eliminate your high deductible, pay for prescription drugs or doctor co-payments. It can also be used for non-covered medical expenses such as dental and vision. Plus, any HSA funds that are in your account at the end of the calendar.
How are money market interest rates determined? The interest rates for money market accounts are ultimately determined by the Federal Reserve and may fluctuate per state and municipality based on local legislation. You do, however, have some control over the interest rate for your money market account. BBVA offers tiered interest rates based on.
For customers, a money market account works similar to a savings account: You deposit your savings into the account, you start earning interest and your money is available when you want it. How often do money market accounts pay interest? While it depends on your bank and your specific account, MMAs are usually compounded daily and paid monthly.
Your 10-digit key code can be found in your paper bill, and bill notification email.
The State Farm Bond Fund offers a convenient way to own lower-risk bonds in your retirement account. Unlike the others on this list, the State Farm Bond Fund is managed by State Farm Investment.
State Farm Mutual Fund Trust Money Market Fund: Summary Prospectus. May 1, 2016. Ticker: SAIXX (Institutional Shares) Before you invest, you may want to review the fund’s prospectus, annual report, semi-annual report and statement of additional information, which contain more information about the fund and its risks. You can find the fund’s prospectus, annual report, semi-annual report.