Trying to grow your money? Here's how to pick between a savings and money market account

  • 📰 CNBC
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Trying to grow your money? Watch the video to learn how to pick between a savings and money market account.

Money market accounts and savings accounts may appear similar, yet there are a few key differences that you should consider when deciding where to park your money.

Savings accounts generally give you a higher interest rate than regular checking accounts and still offer relatively easy access to your money.if the bank is a member. It is important to note that if you invest in a money market mutual fund offered by a brokerage, this is not insured by the FDIC. Money market accounts are also considered a type of savings account, but the interest rate is usually even higher. 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

We don’t buy Bitcoin We earn Bitcoin from Mining I’m ready to show 10 lucky people on how to earn 0.1BTC ($3,029.05) and more daily ! No referral No withdrawal fees Interested people only .Kindly send me a DM

What will happen if pakistan goes bankrupt explained in 1 minutes

nah i need the spare money for my fortnite skins

HOLY SHIT 0.08% .. I CAN'T BELIEVE IT RICHES INCOMING

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines