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Savings accounts vs. money market accounts. Both savings accounts and money market accounts allow you to deposit money and earn interest. Unlike savings accounts, however, money market accounts ...
A money market account is a secure, low-risk way to plan for a family holiday, save toward retirement or build an emergency fund, but it isn’t the only way to earn high yields on your savings ...
Both money market and savings accounts offer $250,000 worth of deposit insurance. This helps protect your cash in case your bank or credit union fails or goes bankrupt.
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.
Today’s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 5.10% APY with no minimums at Patriot Bank, Openbank and other trusted providers as ...
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.
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