High interest money market account
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A money market account (MMA) may be a good investing option for investors that are looking for higher rates than formal bank savings accounts. High-interest money market accountings can offer double or triple the formal bank savings account rate. Like savings accounts, money market accounts can be wasted at any time. Fluidity refers to the ability of investors to get their money back quick. Additionally, money market accounts commonly offer investors the power to write a few checks on the account monthly. When the finite number checks will likely make the money market accounts unworkable as a individual basic current account, the checking feature does admits investors to easy move funds from one account to additional. Finally, the accessibility of free deposit insurance at the most banks and credit unions up to $100,000 by the FDIC and the NCUSIF ought assure any unexhausted sceptics that high concern money market accounts is a better idea than low interest savings accounts.
