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With a money market account, you earn interest on your account balance as you would with a savings account. However, one important difference is that interest rates on money market accounts are...
The money market account offered by Ally Bank is an example of an FDIC-insured money market account. The account earns a competitive yield, and it also comes with a debit card and checks.
Money market accounts combine the features of checking and savings accounts, but they place additional restrictions on your money, which limits their usefulness as checking account replacements ...
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 valuable account to link to your U.S. Bank Smartly Checking is the U.S. Bank Elite Money Market Account, which pays out up to 3.50% APY on balances of $50,000 or more. Between these two accounts ...
Money within a money market account is insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration for up to $250,000 per person, per account.
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