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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 ...
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
Money market accounts are often thought to earn higher interest rates than savings accounts, but that’s not always true. At traditional banks, money market accounts can earn barely more than a ...
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.
A money market account often comes with features associated with a checking account such as a debit card or a checkbook, while a savings account does not typically offer those kinds of spending tools.
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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