What is the difference between a money market account vs. other accounts? FeatureMoney market accountSavings accountChecking accountCertificate of deposit Average APY (as of June 2025)0.45%0.60%0.08%1.7%-2.01%
Here's a rundown of what a money market account is, what money market accounts typically offer, and whether a money market account could be right for you
What’s a money market account? Amoney market accountis a type of savings account that earns interest. It functions like most savings accounts you can find at a bank or credit union. You put money in, then withdraw funds when you need them. Money market accounts may also offer a competit...
A money market account is maintained by a bank or a credit union and is essentially a hybrid between a savings and a checking account. It typically has a higher yield than a bank or credit union’s savings account option. That's its appeal. But it also usually has some limitations to h...
Discover everything you need to know about money market accounts. Learn about the benefits, interest rates, risks, and how to open a money market account today.
Learning the differences between a money market account and a checking account can help you manage your finances effectively. Each account caters to different needs and offers unique features that can be beneficial depending on your financial objectives. What is a money market account? A money marke...
Financial consumers can open a money market account directly at a bank or credit union, or via online banking and credit union platforms. The experience is similar to opening a bank savings or checking account. This story was previously published at an earlier date and has been updated with ne...
A money market deposit account is a type of bank account that most commonly offers higher interest rates than ordinary savings...
A brokered CD is also portable and can be transferred from one brokerage firm to another, allowing the owner to consolidate assets at one firm. Another advantage of brokered CDs is the ability to expand your FDIC coverage beyond the typical $250,000 per account owner. While banks themselves ...
A money market account is a type of savings account offered by banks, credit unions and other financial institutions. The main difference between a money market account and a traditional savings account is the interest rate paid on your money. Money market accounts are high-yield savings accounts...