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SHORT-TERM Investing // Money Market Funds (BMO ETFs)Save smarter with zero monthly fees � No fees � $0 minimum opening deposit � No minimum balance requirements � Unlimited transfers and withdrawals. Our money market account methodology � APY: 60% � Brand and Reputation: 15% � Fees and Minimums: 15% � Perks: 10%. A money market account is a close cousin to a traditional savings account, but typically offers a higher interest rate and requires a higher balance.