Understanding Money Market Accounts
A money market account offers a combination of easy access similar to a checking account and higher interest rates akin to a savings account. Users can write checks or use a debit card while earning more interest than in a standard savings account. However, a higher minimum balance is typically required to avoid fees.
Understanding Money Market Accounts
A money market account offers a combination of easy access similar to a checking account and higher interest rates akin to a savings account. Users can write checks or use a debit card while earning more interest than in a standard savings account. However, a higher minimum balance is typically required to avoid fees.
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