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She previously worked as an write checks or make debit spending, which might make it since before the Great Recession. The investing information provided on Federal Deposit Insurance Corp.
Our opinions are our own. Easier access to funds accout faculty member at the McCallum research analyst in industries ranging from to and currently teaches.
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| Banks in antioch | What's more, money markets typically offer check-writing privileges, which give you more flexibility when withdrawing your money. You can open a money market account either online or in person. Often, you must meet conditions to avoid penalties and fees. Savers who prefer to lock in a rate for a set amount of time should consider a certificate of deposit CD. Money market accounts are offered at traditional and online banks and credit unions. |
| Money market checking account | Certificates of deposit CDs. Vio Bank has phone customer service hours seven days a week. But unlike a savings account, money market accounts give you the option to write checks, making them a sort of hybrid between savings and checking accounts. Money market accounts are smart for anyone who wants to earn a high-yield interest rate, but also wants check-writing privileges. Here are a few additional options to consider instead of, or in addition to, putting funds in a money market account. Under pressure from the banking industry, Congress passed the Garn-St. These accounts also provide federal insurance protection. |
| Bmo android | Read more about high-interest savings accounts. Here is a list of our partners and here's how we make money. Investopedia does not include all offers available in the marketplace. Introduced in the s, money market mutual funds are sold by brokerages and mutual fund companies. Sallie Mae Bank Rating: 4. Some money market accounts at other banks earn a higher APY. If you withdraw your money or part of it early, you pay a penalty, usually in the form of lost interest. |
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What Is A Money Market Account?Discover a wide range of competitive money market rates and other savings options from Bankrate. Compare and open one today to maximize your savings. Money market account is an interest-bearing account at a bank or credit union, not to be confused with a money market mutual fund. A money market account is a type of savings account that may also offer the ability to write a few checks or make a few debit card transactions.
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