Money market accounts
How they're valued: A money market account, or MMA, is an FDIC-insured, interest-bearing deposit account. This type of account should not be confused with money market funds, which are mutual funds that normally are not FDIC-insured. MMAs typically earn higher interest than savings accounts and require higher minimum balances. In exchange for better interest earnings, consumers usually have to accept more restrictions on withdrawals, such as limits on how often you can access your money.
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Risks: If inflation rates exceed the interest rate earned on the account, your purchasing power could be diminished. In addition, you could lose some or all of your principal if your account is not FDIC-insured (although the vast majority are) or if you have more than the $250,000 FDIC-insured maximum in any one account.
Liquidity: Federal regulations limit withdrawals to six per month (or statement cycle), of which no more than three can be check transactions.