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[Money Market Account Rates Decline Despite Top Banks Offering High Yields] Amid Falling Interest Rates Following Recent Cuts By The US Federal Reserve In Late 2024, Deposit Account Rates, Including Money Market Accounts (mmas), Are Declining. According To The Article, While The National Average MMA Rate Is 0.62%, Top Rates From Some Banks Often Exceed 4% APY, With Quontic Bank Specifically Offering 4.75%. Mmas Are Presented As An FDIC-insured Option Providing Savers With Liquidity And Potentially Better Yields Than Traditional Savings Accounts.

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