A money market account is a liquid, federally insured bank account that pays interest on your deposit. In contrast, a money market fund is an investment that can include U.S. treasuries or debt securities considered relatively safe. What Is a Money Market Account? A money market account is a federally insured, liquid bank account that pays interest on your deposit. How Does a Money Market Account Work? A money market account operates similarly to a savings account and a c

If you’re looking for a place to save your money, there are several options to choose from. While a traditional savings or checking account offers flexibility, it typically pays little to no interest. Other options, like a certificate of deposit (CD), pay higher interest rates but require locking in your funds until a specified maturity date. A money market account combines attractive features into a single product. For instance, a money market account offers higher interes