Money market accounts

When it comes to investing, most would-be Warren Buffetts sparkle at the thought of hot stocks that double overnight and penny stocks that turn into bundles of bucks. But here at Bankrate.com, we start with the first rule of careful investing: Don't lose money.

High-yield MMAs

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At a glance
That means two things in investing: Saving on fees and commissions by making wise choices in how and where you put your money, and getting the best return you possibly can while avoiding as much risk as possible.

When it comes to low-risk investing, that means fixed income. It means bonds and certificates of deposit, money market accounts and mutual funds, annuities, and savings accounts.

It means finding a bank where you can park your money without paying for the privilege, and getting a little interest while you're at it.

It means properly setting up your CD portfolio and deciding which type of bond is best for you.

Money market account basics:

• MMAs are liquid. • Check writing and money transfer privileges (often have minimum requirements, limitations and fees) MMAs are available at most banks or credit unions. • Deposits may be insured up to $100,000 by the FDIC for nonretirement accounts. • Minimum balance required, may be higher than a savings account requires. • MMAs will earn about twice the interest of a savings account. • Some online banks institutions ofter high-yield MMAs which offer better rates higher risk.

High yields MMAs
With a visit to our Investing Basics, you can learn about the different types of fixed income investments, and the advantages and disadvantages of each. You can learn how to find the best savings account for your needs and about the different types of bonds. You can learn about fixed-income alternatives you might not have thought about.

After all, you worked hard for your money. Now you can learn how to make your money work hard for you.