How do you obtain a money market account?

Answer 1

Money market accounts are similar to savings accounts offered by banks and other financial institutions, but which generally require a higher level of deposit - for which the banks pay higher rates of interest. Funds deposited into money market accounts are protected by the Federal Deposit Insurance Corporation (FDIC) or National Credit Union Association (NCUA) to insure that there is no risk of investors losing their funds.

The first thing you need to look or consider while choosing or obtaining the best money market account is to look for the best terms and yields for the money. Read the fine print and the terms carefully. Look out for fees or charges, minimum account balance, and penalties in case you don't maintain the min. balance. Consider all these things and call up banks and confirm. Most banks should be able to send the application forms by mail and you can open the account by mail. Some banks also allow to open an account via phone as well.

Answer 2

If one wants to obtain money market certificates, one can use websites like penfed and beginnersinvest. This will make obtaining money market certificates easy.