Money Market Vs Savings
The former is a type of mutual fund while the latter is a secure savings vehicle offering high interest rates. You can meet higher deposit requirements. How Can Money Markets Fit Into Savings Synchrony Bank While you can often access a savings account at an ATM through your checking accounts debit card the savings account itself. Money market vs savings . Both money market accounts and savings accounts are great for stockpiling cash. A savings account features most of the same pros and cons as a Money Market Account with a few slight differences. Money market account vs savings account. Youll earn a modest return on your money. A money market account MMA is the child of a savings and checking account. Pick a money market account if. A savings account limits you to six or so transactions per month while a money market account gives you the. MMA holders also have the unique feature of being able to write a check. The main difference between a savings account and a m