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A money market account is a savings account, so you will not lose money based on fluctuations in the stock market. However, some money market accounts have monthly fees to watch out for.
Because money market accounts often fetch a higher yield, you can earn a little extra interest on your cash without exposing it to the stock market or other risks. Money Market vs. Savings Account ...
Both money market and savings accounts are FDIC insured up to $250,000 per account holder, per account type. If you have a joint account, your funds are protected up to $500,000.
A money market account is an interest-bearing account that combines some of the same features of a checking account and a savings account. Money market accounts commonly allow you to pay bills ...
A money market account is a hybrid between a savings account and a checking account. You’ll deposit your money to a financial institution of your choice , which will treat it like a savings account.
The best money market account rates are much higher than checking account rates, however. Money market account vs. savings account. Savings accounts and money market accounts have more in common ...
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