Saving money: Choosing between a savings and money market account

📆 31/07/2019 7:21 AM

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The most important things to do when picking an account is to look at the interest rate you'll be getting, and note any restrictions on the account — including minimum deposits and your ability to remove funds. investinyou (In partnership with acorns.)

📆 31/07/2019 7:21 AM
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You've heard of savings accounts and money market accounts. Which one should you choose?

But here's the catch — money market accounts often require higher minimum balances and deposits – something like $5,000, $10,000 or even $25,000.

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