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What is a money market checking account

what is a money market checking account

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What is a money market.

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What Is a Money Market Account?
Money market accounts are interest-bearing savings accounts, while checking accounts are transaction accounts meant for daily expenses. Money market accounts typically offer higher interest rates than checking accounts but may have limited monthly transactions and higher minimum. 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.
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Andrew showers

What are the pros and cons of money market accounts? They may also allow debit-card transactions and online bill pay. For example, many money market accounts offer debit cards and checks.