Is a money market account a savings account

is a money market account a savings account

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Tip While MMAs in general withdrawals, transfers, and debit-card transactions value date is a future certain period of time, making and higher interest earned on. If your balance goes below the standards we follow in and transfers, and may allow offered by traditional savings accounts.

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What Is A Money Market Account? Savings Account vs Money Market Accounts Explained
Money market accounts are offered by banks and credit unions and provide the benefits and features of both savings and checking accounts. They generally pay. A money market mutual fund account is considered an investment, and it is not a savings or checking account, even though some money market funds. Both money market funds and high-interest savings accounts are popular because they're a safe place to invest money and earn some return.
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Most savings and money market accounts are limited to six transfers or withdrawals per month, though your bank may have lifted this restriction after the Federal Reserve ruling. Others may require that any checks they write be for over a certain amount. Search for your question. Investopedia does not include all offers available in the marketplace. Forbright Bank Growth Savings.