Anyone know anything about Money Market accounts?

[ThePhantomOak]

I am looking to open one with Wells Fargo and the APY is an amazing .05% in Nv and .1% in Ca (compounded daily)
$10,000 in a month would be $10,000.82

Bankrate.com shows this with the highest being ~3.6% APY and the major banks being WELL below that... What is the deal?

In the two money and banking classes I had for my degree, we never got into how a major federal charter bank could have such low yields while the rest of the wold has alright yields... We just talked about where the yield comes from...

It also irritates the hell out of me that I really have ZERO incentive to save, given that inflation is between 6-14% right now (depending on who did the counting), and savings yields are at less than 1% at major banks and 3% at tiny banks...

I feel like I am better off blowing my money on potato chips...