Tag Archives: money market rates
Money market accounts are individuals’ savings accounts which the banks are providing. They’ll only permit certain amount of the withdrawals that have the greater stability requirements and generally have the higher rates. Understanding that you have the interest rates for the money market account may have significant effects in your savings. Money market rates might change yearly, and the overtime of the money market rates would have a vital role within your savings as well as the general the account management.
Your hard earned money market account is insured, like banks, using the Federal Deposit Insurance Corporation (FDIC). Although your own bank goes under, your hard earned dollars is still there. That is the reason why most money market account is important to people that’s looking for financial security.