The term money market account (MMA) refers to an interest-bearing account at a bank or credit union. Sometimes referred to as money market deposit accounts (MMDA), m… See more

Money market accounts are financial products that are offered to customers at traditional and online banks and at credit unions. They give account holders some of the key ben… See more

Until the early 1980s, the federal government placed a cap or limit on the amount of interest that banks and credit unions could offer customers on their savings ac… See more

There are advantages and disadvantages to having a money market account, especially when you compare them to other types of accounts. Their advantages include hig… See more

One of the attractions of money market accounts is that they offer higher interest rates than savings accounts. For example, the average interest rate for an MMA in May 2022 … See more