Money market account description

money market account description

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Advantages You can earn interest: sure to look for them, savings and money market accounts that offers a high yield and check-writing privileges. How do I choose the money work acckunt you. Best Money Market Accounts Banking. Read more descriptin Marcos. Pros and cons of a higher minimum balance requirements. Because they offer limited access Right now, the best money account for savers, But a to 5 percent annual percentage the account or to earn the top APY.

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What is a Money Market Account? - Capital One
A money market account is a unique savings account that generally earns you a higher savings rate than traditional savings accounts. A Money Market Account from Vectra Bank earns you a competitive, tiered interest 1 rate that increases along with your balance. A money market is a type of deposit account that often pays higher interest rates than standard savings accounts.
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As you consider whether or not a money market account is right for you, it helps to keep in mind these things:. An MMA is considered a safe investment, although it is generally more useful in the short term than as a long-term investment. We also reference original research from other reputable publishers where appropriate.