Money Market Account: How It Works and How It Differs
Aug 5, 2024 · What Is a Money Market Account (MMA)? The term money market account (MMA) refers to an interest-bearing account at a bank or credit union. The best money market accounts have some...
What Is A Money Market Account And How Does It Work?
Jun 25, 2024 · What Is a Money Market Account? A money market account is a type of account that tends to offer a higher interest rate than traditional savings accounts. Typically, money market...
What is a money market account? - Consumer Financial …
Aug 28, 2023 · A money market account is a type of account offered by banks and credit unions. Like other deposit accounts, money market accounts are insured by the FDIC or NCUA, up to $250,000 held by the same owner or owners.
Money Market Account: What You Should Know - Investopedia
Nov 11, 2024 · Money market accounts are often confused with money market funds, which are a type of mutual fund. Other misconceptions include that money market accounts protect deposits from inflation,...
What Is A Money Market Account? - Bankrate
Feb 27, 2024 · A money market account is an interest-bearing account you can open at banks and credit unions. Like a savings account, they are a type of deposit account for savers, But a major...
The Complete Guide to Money Market Accounts - Investopedia
Nov 11, 2024 · A money market account (MMA) is a type of bank or credit union savings account with some features not found in regular savings accounts. The best money market accounts pay a...
What Is a Money Market Account? - Citi Ventures
Jul 25, 2024 · A money market account is a savings deposit account that allows you to earn interest on your money. Some banks also refer to their money market accounts as savings accounts. You can open a money market account through your bank, and, like checking accounts, deposits in a FDIC member bank are insured up to FDIC limits.
What is a money market account? - Capital One
Jul 31, 2024 · A money market account is a unique savings account that generally earns you a higher savings rate than traditional savings accounts. 1 It may offer some check-writing and debit card options. 2 Also, with the higher savings return benefits of a money market account, there may be certain restrictions.
Money market account - Wikipedia
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]
Money Market Accounts: Definition, Benefits, and Features
Jul 23, 2024 · A money market account is an interest-earning bank account. Money market accounts generally earn higher interest rates than other types of bank accounts.