What are money market savings accounts?
Money market savings accounts are a great form of high interest savings accounts. They are much better than traditional savings accounts because they typically have a higher interest rate. Despite this high interest rate savings, these money market savings accounts still earn a lower rate of interest than many of forms of investments. But, despite this fact, you should consider opening a money market savings account. How do you use a money market checking account? Money market savings acounts are great places to store money while you decide where to invest it. Sometimes it can take a little while to figure out where you want to invest your money. During this interim period, you might as well be earning interest even if it is at a comparatively low interest rate. While money market savings accounts rates are typically lower than CDs, these money market savings accounts rates are still healthy. Money market checking accounts also offer more protection of your money than investing in stoc
