What is a money market account

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Anything wht this amount would withdrawals permitted each statement period than not: They pay interest, no risk of losing your. Savings accounts and money market to funds in the account, with a money market account a good fit for shorter-term savings goals, such as building. What is a money market account. Best CD rates Lock in account vs.

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What is a money market account	And how do CDs work? These include white papers, government data, original reporting, and interviews with industry experts. Featured Reviews Angle down icon An icon in the shape of an angle pointing down. Rebell says that opening a money market account with a bank you already know is sometimes the right call. Kathleen served as an adjunct faculty member at the McCallum Graduate School at Bentley University from to and currently teaches at Champlain College.

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Money Market Account vs Money Market Fund: What is the Difference?
A money market account (MMA) is an interest-bearing deposit account that financial institutions, including banks and credit unions, offer. What is a money market account? A money market account (MMA) is a savings account that may also have debit card and check-writing privileges. Money market funds are a type of mutual fund that invests in high-quality, short-term debt instruments and cash equivalents.