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A money market account is a type of interest-bearing account that combines the strong rates of a high-yield savings account with the features of a checking account. MMAs offer rates of 4.5% APY or ...
A money market account is a good idea if you need immediate access to savings from time to time without running to the bank or transferring funds between accounts, a money market account is a good ...
Money market accounts (MMAs) Money market funds (MMFs) Provider. Banks and credit unions. Investment firms and brokers. Insurance. FDIC or NCUA up to $250,000. SIPC up to $500,000. Minimum deposit.
A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets. [1] The interest rates paid are generally higher than those of savings accounts and transaction accounts; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest.
Money market account. Money market fund. Purpose of account. For your emergency fund or shorter-term savings goals. Often for individual investors seeking a parking spot for their cash.
Money market accounts combine aspects of savings accounts and checking accounts. The primary difference between a money market account and a savings account is how you can access your money.
Money market accounts are a great option if you're looking to maximize the amount of interest you can earn in a low-risk setting. You'll have easy access to your money, your account is insured up ...
Money market accounts operate similarly to a savings account, and quite a few come with tools you would associate with a checking account, such as a debit card and check-writing abilities. You ...
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