Results for: money-market-account

What are money market accounts?

Money market account is an account that deal with financial matters in the money markets. Money market account usually requires a higher minimum balance or higher rate of interest in order for one to earn interest on the deposit money. Full Answer

How do i use Money market saving account?

To use your Money Market Account simply make a deposit. Banks offer these as a high interest savings account with more penalties for withdrawal or check-writing. The goal is to leave your money set and not withdraw it from the… Full Answer

What is a money market account good for?

Money Market accounts are just like having a savings account, only they usually offer a higher interest rate than a normal savings account. Unlike regular savings accounts, Money Market accounts have limitation on how often you can make a withdrawal. Full Answer