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  • Posted on November 30, 2018July 26, 2022
  • by BrightDime

money market account

A money market account combines some of the features of checking and savings accounts by offering limited check writing, a debit card and usually a higher interest rate than a savings account. The drawback is money markets typically require that you maintain a higher balance to qualify for the higher interest rates.

Posted in GlossaryTagged account, interest, money market, saving

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