High yield savings account or money market

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Strict editorial guidelines to ensure fairness and accuracy in our information is current as of high-yield savings accounts have been best for you.

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High Yield Savings Account vs. Money Market Mutual Fund
Some money market accounts have more stringent requirements than high-yield savings accounts regarding minimum balance and deposit requirements. When it comes to having quick and easy access to your cash, money market accounts beat high-yield savings accounts because of their check-writing capabilities. Money market funds act more like on-demand cash accounts since the money is easily accessible, with better returns than an interest-bearing savings account.