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  2. What is a money market account? An often overlooked way to ...

    www.aol.com/finance/what-is-a-money-market...

    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 ...

  3. What is compound interest? How compounding works to ... - AOL

    www.aol.com/finance/what-is-compound-interest...

    Learn expert rules of thumb about how much you should keep in a savings account, in a certificate of deposit and in a checking account. Sources. Compound Interest Calculator, Investor.gov ...

  4. Savings interest rates today: Here's where to earn more than ...

    www.aol.com/finance/savings-interest-rates-today...

    Simple interest vs. compound interest. ... Money market account. ... Yes. Interest you earn on your savings account is considered taxable income by the IRS. If you earn more than $10 in interest ...

  5. Money market account - Wikipedia

    en.wikipedia.org/wiki/Money_market_account

    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.

  6. What is a money market account? - AOL

    www.aol.com/finance/money-market-account...

    While money market accounts and money market funds have similar names, they are very different. Most notably, money market funds are considered an investment because they are a type of mutual fund.

  7. Savings interest rates today: Put your money to work ... - AOL

    www.aol.com/finance/savings-interest-rates-today...

    Savings accounts can compound daily, monthly or quarterly, depending on the bank and account. The more frequent the compounding, the more you can earn — so read your account's disclosure ...

  8. Money market accounts vs. money market funds: How these two ...

    www.aol.com/finance/money-market-account-vs...

    While money market accounts work like high-yield ... which shows your total yearly return including compound interest – when you earn interest on your previous interest. For example, 4% APY on ...

  9. FAQ about money market accounts - AOL

    www.aol.com/finance/faq-money-market-accounts...

    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.