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What else can I help you with?
What is a type of savings account?
money market account
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.
Does every bank offer money market savings accounts to its customers?
Many banks do offer money market savings accounts but not all of them. It is best to check with your current bank about a money market savings account or if your in the market for a bank be sure to ask about this type of account before making your final decision.
For which type of bank savings account are you investing money for a certain period of time?
These accounts are known as Money Market Accounts.
What is a money market saving?
"Money Market" units are securities which can only ever appreciate in quantity (their value is always exactly $1 per unit). So holding money market units (I forget the precise term, sorry) is like putting money in a savings account, although generally money market accounts grow faster. Right now, yields are pretty abysmal, though.
Does an invesment services center offer a money market savings account?
Depending on the type of investment services center they could offer a market saving account. If you are already a customer, they can also help you with the fees of the market saving account.
Are both a 401K and an IRA considered to be a money market account?
A money market account (MMA) and a 401(k) plan are not the same. The former is a type of savings account while the latter is an investment account. Some of the key differences lie in the type of deposits, or contributions, made, how the money grows, and whether or not withdrawals can be made from the accounts .
What can you do at an account money market?
A money market account is a type of savings account you can get at your local credit union or bank. They traditionally only allow 3-6 withdrawals a month, require a higher minimum balance, and provide a higher interest rate.
What does a CD savings account do for me?
A CD savings account might earn money for you. This type of savings account earns interest for the person who purchases the CD.
What is the purpose of a savings?
A Savings Account is a type of account that is designed to promote savings among the general public. You can deposit and withdraw money from this account but at the same time the bank offers you an interest on the money deposited into the account.
What is a money market interest rate?
The money market interest rate fluctuates every day. This refers to how much interest is paid daily to the holder of a type of savings account. The account is usually held by a brokerage house. The holder of the account can withdraw these funds very quickly. This is a popular type of account with both casual and serious investors.
What type of bank account can you make six withdrawals per month without being penalized?
You're probably talking about a money market deposit account (MMDA) or a passbook/statement savings account.
