What is a money market account interest rate

what is a money market account interest rate

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As such, an MMA may higher interest rates because they're privileges and also provide a such as a vacation or like a regular checking account.

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This type of checking account may offer a sign-up bonus and other rewards, such as high yields, ATM fee reimbursements, airline miles, or cashback. Although the Fed lifted some of the restrictions associated with certain savings vehicles, it's important to verify with your financial institution what conditions and fees apply to their MMA. These articles are provided for information purposes only. And unlike savings accounts, many MMAs offer some check-writing privileges and also provide a debit card with the account, much like a regular checking account.