Money Market Account

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What Are They?

Money market accounts are a type of savings account. They differ from regular savings accounts because you earn a higher interest rate so that you can earn more money.With this account, you can also write a limited amount of checks which means that a money market account offers benefits of both a savings and checking account.

Benefits

  • Earn More Money
  • The FDIC Insures Your Money
  • Availability of Funds
  • Check Writing and Debit Card Acces

Other Info

  • Money Market Accounts Require a Higher Minimum Balance
  • Limited Withdrawals
  • Interest Rate is Not Fixed

Reccomendation

We recommend that you open your account with Bank of Internet USA because:

  • No monthly fee
  • Only takes a small deposit of $100 dollars to get started
  • Online banking is very convenient