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Best Money Market Accounts

Reviews and Comparisons

If you can buy into a money market and maintain the minimum balance, a money market is a great place to begin investing your money.



Money Market Accounts Common Questions

See some common questions and answers below

  • What are Money Market Accounts?

    A money market is a type of savings account where you deposit money into a money market with higher interest rates than a traditional savings account. The financial institution then uses your money to fund short term loans for other borrowers.


  • How Can Money Market Accounts Help?

    Money markets generally require more money to open so if you have a larger deposit that you are planning to invest or spend at a later date, a money market is an excellent place to hold the money.


  • Who Should Have Money Market Accounts?

    If you have the minimum to buy into a money market and maintain that balance, you should consider a money market.


  • How Much Do Money Market Accounts?

    In general, as long as your balance does not fall below the required balance, there are no fees on a money market account. However, some mutual fund companies do charge fees for their money markets.


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