Is a money market account better than a savings account?

+1 vote
asked Dec 19, 2018 in Investing by Postellechasi (340 points)
Is a money market account better than a savings account?

1 Answer

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answered Dec 19, 2018 by Carrrench (360 points)
Yes a money market account is much better than a regular savings account if you want to save money for something.

Money market accounts are a savings account but a money market account pays higher interest on the money in the savings account than a regular savings account and the money market account also allows you to write a limited amount of checks to use the money in the money market account.

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