Reported 3 months ago
A money market account is a savings tool that combines features of traditional savings and checking accounts, offering competitive interest rates and easier access to funds via checks, debit cards, and electronic transfers. They are federally insured up to $250,000 and are suitable for short to medium-term savings goals like emergency funds. Rates, fees, and balance requirements vary by institution, making it essential to compare options to find the best fit for your financial needs.
Source: YAHOO