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APY is Annual Percentage Yield. It is the total interest rate and compounding period which gives you a cumulative figure of how much you will earn from the investment

Banks can invest money market funds in short-term securities, municipal bonds, loans to customers, treasury notes and more, bringing higher interest rates than with savings account.

Money market funds are a type of investment which aims to help shareholders earn interest while maintaining a net asset value. The net asset value is a rate of $1 per share.

Money market accounts such as CIT Bank, UFB Direct, Nation Wide Bamk, Capital One, Ally Bank, and Sallie Mae among many others offer some of the best money market rates.

You've got money, maybe not a lot but some and you are finding ways to maximize them by investing. For beginners, here are some tips to start your investment: 1.  Speak to someone who has the knowledge - whether you should open up a tax-savings account (TFSA) or invest in your registered retirement savings plan (RRSP). 2. Laying wager on your mo

Money market funds rate are much higher than regular savings accounts. The do require larger opening deposits and the average is 0.20% per $10 to $25.