Money Market Accounts What is a jumbo money market account, and where can you find the best rates? A jumbo MMA may pay a higher interest rate in exchange for a higher balance. So where can you find the best jumbo money market rates? And are they worth it? Is there a penalty for withdrawing from your money market account? Some banks allow unlimited withdrawals, while others impose penalties for withdrawing from your money market account too many times in a month. Learn how to avoid these penalties. Saving to buy a house? Here's where you should park your down payment money. Saving up a down payment for a house is a big goal, and where you put those savings can make a big difference in how easily to achieve it. Here are five smart options to consider. Are money market accounts safe? If you’re looking for a bank account that offers high interest rates and flexibility when it comes to accessing your money, a money market account could be the right choice. But are these accounts safe? Here’s what you need to know. Are money market accounts FDIC-insured? If you’re thinking about opening a money market account, it’s important that the account is insured. Here's why, plus how to check if your money market account is FDIC-insured. How often do money market accounts pay interest? Typically, money market account interest is compounded daily and added to your account monthly. Learn more about how to maximize your money market account earnings. Money market account vs. money market fund: What's the difference? Understanding the differences between a money market account vs. money market fund is crucial. Learn more about how these two financial products work and which one is best for your savings. 10 best high-yield money market accounts for May 2025: Rates up to 4.41% APY We analyzed more than 100 data points to find the best money market accounts available today. See our top picks based on interest rates, fees, and more. How much is a money market account minimum balance? Wondering if there’s a high required money market account minimum balance? It depends on your bank or credit union and the account. How to open a money market account Money market accounts offer some of the best features of checking and savings accounts. Here’s how to open a money market account. What is a money market account, and how does it work? What is a money market account — is it a savings or a checking account? Surprisingly, it's a little of both. But money markets also have their own unique features that set them apart. Here's what you need to know. How does a money market account work? A money market account can help you reach your savings goals, but how does a money market account work? Here's what you need to know and how to determine if one is the right fit for you. Can you lose money in a money market account? Can you lose money in a money market account? Maybe. Money market accounts are protected against market risk, but fees and inflation could cause your account to lose value over time. Learn more. Money market account vs. CD: Which is the best for savings? Both CDs and money market accounts allow you to earn higher interest rates on your money. So which is better: CDs vs. money markets? Here's what you need to know. Money market account vs. high-yield savings account: Which account is best for you? When deciding between money market accounts vs. high-yield savings accounts, they differ in terms of APYs, fees, and minimum deposits. Is a money market account a savings account? Is a money market account a savings account? Although they share similarities, they differ in terms of rates, minimum deposits, and fees.
