Insured money market account

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The same is true for since March that the Fed. A money market account with of money market accounts to decide if this type of.

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Money Market Accounts Explained
With a CitiBusiness� Insured Money Market Account (IMMA), you can write checks, earn interest on the money you save and access your funds anytime. FDIC insurance: The Federal Deposit Insurance Corporation (FDIC) insures money market accounts held at FDIC-insured banks. Deposits are insured up to $, Unlike money market funds, money market accounts don't invest your money in the market so your cash is safe, secured and FDIC-insured up to $, per account.

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Sallie Mae Bank Rating: 4. Many banks also offer high-yield or high-interest checking accounts, which may pay better rates than money market accounts but impose more restrictions. APY is the real rate of return earned on an investment, considering the effect of compounding interest. What is the difference between a money market account and a standard savings account?