banking

What is a money market account?

 

What is a money market account?

The Bankrate.com financial term of the day is: "Money Market Account."

A money market account is a bank account that pays interest and offers you a little more access to your money -- or liquidity -- than a certificate of deposit would. You're allowed to make a limited number of withdrawals, including by check. Typically, there's a minimum balance you need to maintain in a money market account if you want to keep earning that same interest and avoid paying fees.

Want a bank account that earns a return on your money and offers more flexibility than a CD? A money market account may be what you're looking for.

To find a bank account that has what you're looking for, visit the Checking & Savings section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CAR & MONEY NEWSLETTER

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Classic car prices may slow

Despite the fact that this year's classic car auctions in Arizona boomed, it would seem that the classic car market is slowing.  ... Read more


Connect with us