A money market account differs from a money market mutual fund, which is a security and not a deposit account. Money market mutual funds are considered relatively safe investments, but they aren’t ...
While savings products largely shed yields over the past year, money-market accounts have bucked the trend with averages holding at 0.66% APY over the period, according to the latest government data.
If you're looking to get a better interest rate on your savings, you need to consider opening a money market account. Money market accounts operate extremely similar to savings accounts, and they are ...