The Benefits And Disadvantages Of Money Market Savings Accounts?

The Benefits And Disadvantages Of Money Market Savings Accounts?
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A money market account is also known as an MMDA. Money marketaccounts are savings accounts that are offered by financialinstitutions, credit unions, and banks. These kinds of accounts arefederally insured and they offer higher interest rates thantraditional savings accounts. Unlike CDs, money market funds can bewithdrawn at any time. They are not locked in for a period oftime.Money market accounts offer many benefits. Funds can bewithdrawn from money market accounts by using checks or debitcards. Many banks, brokerage firms, and mutual fund companies offermoney market accounts, so if you shop around, you should be able tofind a high-interest rate account. Money market accounts can beused to keep money that is earned from investments or estatesettlements. They can also be used to keep funds
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