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Money market accounts are more flexible, allowing deposits and withdrawals at any time, though with some limitations on the number of withdrawals you can make in a single statement period. Money ...
Here's what to do when you need your cash.
You frequently deposit or withdraw money. Money market accounts offer quick access through checks, debit cards and bank transfers, making them a great tool for active money management.
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.
Many banks have withdrawal limits on how much you can withdraw from your money market account and how often. “Many of the withdrawal limitations [limit you to withdrawing] more than six times a ...
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 ...
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A money market account enables you to write checks from it, similar to a checking account. The amount of checks is typically limited to a certain number each month, but not all financial ...