What is a Money Market Account and why should I invest in one?
A Money Market Account is a type of savings account offered by a bank. These accounts normally pay higher interest than traditional savings accounts and sometimes require a higher minimum balance. Federal regulations also limit the number of transfers you can make each month. Consider a Money Market Account if you want a higher rate of return on savings and dont need frequent access to your funds. Total deposits, including Money Market Accounts, are FDIC-insured to the maximum amount allowed by law.
