Understanding 5 Common Money Market Account Misconceptions
Investopediaยท2025-10-30 20:25
What Are Money Market Accounts? Money market accounts are deposit accounts held at banks and credit unions. Often referred to as money market deposit accounts (MMDA), they offer features distinguishing them from other savings accounts. FDIC Insured Money market accounts can provide a safe haven to hold your money, allowing you to earn interest and avoid the market volatility associated with investing. Just like saving and checking accounts, the Federal Deposit Insurance Corporation (FDIC) insures money mark ...