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What are online money market accounts?

Updated: 9/20/2023
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12y ago

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A money market account is similar to a savings account. However, it typically requires a higher balance and offers a higher interest rate. Some accounts also allow check writing from the account, so it is considered a liquid asset.

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Q: What are online money market accounts?
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Related questions

Where can money market savings accounts be found?

Money market savings accounts can be found on online investment sites. Money Market accounts are a type of investment with certain benefits over a savings account.


Which banks provide online bill pay for free?

Free online bill pay is typically associated with checking accounts, but some savings and money market accounts provide free online bill pay service, too. By law, savings and money market accounts restrict holders to six money transfers per month, though, so free online bill pay for savings and money market accounts is of limited utility. the bank of internet USA


Where can one look to find a bank online that has money market accounts?

There are many banks that have online services and money market accounts. Check out TD, Royal Bank, Bank of Montreal, ScotiaBank and even credit unions.


Where can I go online to find money market accounts from my local bank in Seattle?

Bankrate.com offers information on monkey market accounts online. You can also show these by locations and show bank rates for Seattle. Your local banks website should have a list of the available money market accounts and the corresponding interest rates on those accounts.


Where is a good place to compare online money market accounts?

A good place to compare online money market accounts would be a comparison site that specialises in the type of account one is researching. Money Supermarket is good for regular banks and building societies, but Wallet Nerd is a good choice for more random accounts.


Where can I find out about the ten best online money market account places?

If you go to http://www.nerdwallet.com/blog/banking/nerdwallets-top-high-yield-online-savings-accounts/ you can see the most recent top ten money market accounts.


Where can one find information on high interest money market accounts?

There are many online sites where one could find information on high interest money market accounts. These online sites include Citizens Bank, Suzeorman, and many more.


How can you find out more about online money market accounts?

If you have a bank or company you are working with, go to their site and they will explain in detail how it works with them. If not, you can read more about money market accounts on How Stuff Works. They do an excellent job explaining.


Which online money market accounts have the best interest rate?

You can find the best money market accounts at http://www.bankrate.com/brm/rate/mmmf_home.asp. You may want to check with your own bank as well as they may be able to get you a good rate.


How are money market savings accounts different from traditional ones?

Money market accounts are typically tied to a stock that can rise in price. Regular savings accounts are not.


Where can I go online to learn more about corporate money market account rates?

There are several websites that offers information on corporate money market accounts. One of these websites is www.money-rates.com.


Which bank in California has the highest interest Money Market Accounts?

All of the credit unions and the regular personal banking centers are pretty much the same for money market accounts. You are better off going online money markets as they are different standards then the banks and they have a higher intrest.