Money Market Accounts: Grow Your Savings & Stay Liquid
Update: 2025-12-08
Description
Discover the benefits of money market accounts (MMAs) for growing your savings while keeping your money accessible. These accounts offer higher interest rates than traditional savings and often come with perks like check-writing abilities or a debit card. Historically, rates have fluctuated with the Federal Reserves actions, but currently, you can find accounts paying over four percent APY. Online banks and credit unions are great places to start your search. When choosing an account, consider minimum balance requirements, fees, and insurance protection. MMAs are an excellent option for long-term goals where you may need to access your funds occasionally.
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