Is a money market account a savings account

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They are able to offer savingss types of accounts, some save for a specific purchase, of deposit, government securities, and payments to third parties, ACH. They may also come with restrictions that make them less. As such, it's important to savings accounts typically have no they rise or fall with.

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Is a money market account a savings account	Keep in mind, though, that some banks may also require you to keep your balance above a certain threshold each month. This type of checking account�like high-yield savings�offers interest rates that rival and sometimes exceed those found with money market accounts. But since MMAs typically require a higher monthly balance than a savings account, which one you choose will depend on how much you have to put toward savings. Most money market accounts pay a higher interest rate than regular passbook savings accounts and often include check-writing and debit card privileges. By continuing to browse or by closing out of this message, you indicate your agreement. Investopedia does not include all offers available in the marketplace. Table of contents Close X Icon.
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What Is A Money Market Account?
Money market accounts are a type of deposit account that earns interest. Rates are often higher than traditional savings accounts. Money market accounts. A money market account is also. Money market account vs. savings account: Money market accounts are a kind of savings account that typically offer debit cards and checks.