A few months ago I opened an account with a credit union. Now trying to get a realistic "rainy day fund" saved up, and wondering what the best account is to keep that in. The "regular share" acccount states an APY of 0.19%, while the "money market savings" account lists an APY of .10% AND a Dividend Rate of .10%.
So, what does that mean? I left the same amount of money in both accounts as an experiment, and the money market account received interest totaling roughly half what I got for the regular savings account. So does the dividend rate mean nothing, or is it likely that it gets credited at a different time?