What Is Market Interest Rate

The Federal Open Market Committee lowered its benchmark funds rate by 25 basis points to a range of 1.5% to 1.75% as expected.

An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited or borrowed. It is defined as the proportion of an amount loaned which a lender charges as interest to the borrower, normally expressed as an annual percentage. It is the rat

An interest rate is the percentage of principal charged by the lender for the use of its money. The principal is the amount of money lent. As a result, banks pay you an interest rate on deposits. They are borrowing that money from you.

The Money Market Account is a savings account that earns interest based on the performance of underlying variables in the money market. Money Market Accounts are sorted in the table above according to their money market rates, from highest to lowest.

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