Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the difference between a Money Market account and a Savings account?

April 26, 2017account Money Market savings account

0

Posted

What is the difference between a Money Market account and a Savings account?

3 Answers

0

Posted

The money market account earns a higher interest rate and it has check writing privileges.

0

Posted

A Money Market account allows you to earn a higher interest rate and at the same time allows you to write up to three (3) checks per month. Savings accounts have a lower interest rate and a lower balance requirement and do not provide the ability to write checks against your balances.

0

Posted

A Money Market account allows you to earn a higher interest rate than savings and allows you to write up to three (3) checks per month. Our savings accounts have a lower interest rate and a lower balance requirement; yet do not provide the ability to write checks against your balances.