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   Is a money market account a good investment?

   • A money market account that earns a high yield and provides easy access to your cash can be a good place to set aside money for an emergency fund or your next big planned expense. As you consider deposit options for your funds, money market accounts (MMAs) will likely come up in your search.

   Pros And Cons Of Money Market Accounts | Bankrate

   www.bankrate.com/banking/mma/money-market-account-advantages-and-disadvantages/

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   Are money market accounts safe?

   • Money market accounts are considered safe investments so long as funds are held at a financial institution insured by the FDIC at banks or the NCUA at credit unions. The FDIC insures funds held at banks up to $250,000 per depositor, for each account ownership category, in the event of a bank failure.

   Best Money Market Accounts May 2024: Up To 5.48% - Forbes

   www.forbes.com/advisor/banking/money-market-account/best-money-market-accounts/

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   What makes a good money market account?

   • Flexibility. Many money market accounts come with checks and debit cards, allowing you to spend your savings, make withdrawals and transfer funds. Transaction restrictions. Many banks and credit unions impose transaction limits and charge a fee for excess withdrawals.

   Best Money Market Accounts May 2024: Up To 5.48% - Forbes

   www.forbes.com/advisor/banking/money-market-account/best-money-market-accounts/

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   Is a money market account better than a savings account?

   • In many cases, you can get all of the benefits of a traditional savings account and a higher rate of interest in a money market account. Just make sure the account is FDIC-insured and not an investment money market fund, as that may not be insured. These are great accounts for funds you want liquid, such as an emergency fund.

   Best Money Market Accounts May 2024: Up To 5.48% - Forbes

   www.forbes.com/advisor/banking/money-market-account/best-money-market-accounts/

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2. www.forbes.com › what-is-a-money-market-accountWhat Is A Money Market Account And How Does It Work?

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   Mar 21, 2024 · A money market account is a savings vehicle that offers both interest-earning and safety. Learn if a money market account is right for you.

3. www.bankrate.com › banking › mmaPros And Cons Of Money Market Accounts | Bankrate

   www.bankrate.com › banking › mma

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   Mar 26, 2024 · A money market account that earns a high yield and provides easy access to your cash can be a good place to set aside money for an emergency fund or your next big planned expense. As you...

4. www.businessinsider.com › personal-finance › what-isMoney Market Accounts: Definition, Benefits, and Features

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   Mar 14, 2024 · Discover what a money market account is and why it might be the right savings option for you. Learn about interest rates, withdrawal limits, and more.

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6. www.nerdwallet.com › faq-money-market-accountWhat Is a Money Market Account? - NerdWallet

   www.nerdwallet.com › faq-money-market-account

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   May 17, 2024 · A money market account offers a safe place to earn interest on your money, and may also offer a debit card and check-writing privileges.

7. www.investopedia.com › personal-finance › completeThe Complete Guide to Money Market Accounts - Investopedia

   www.investopedia.com › personal-finance › complete

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   May 24, 2023 · Fact checked by. Suzanne Kvilhaug. A money market account (MMA) is a special type of bank or credit union savings account with some features not found in regular savings accounts. Most...