A money-market account typically offers better interest rates compared with standard interest-paying savings and checking accounts.
But this type of account usually comes with terms different from a savings account, such as a specific balance minimum.
If you’d like to learn more about money-market accounts, and explore how they differ from money-market funds, check out these sites:
Bankrate.com: Discusses basics on money-market accounts, along with pros and cons.
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Financial Web: Compares the differences between a bank money-market account and a savings account.
Money Rates: Primer on money-market accounts.
Nolo: Provides differences between a money-market account and a money-market fund.
Simple Debt-Free Living: Offers overview of how money-market accounts work.