Money Market Accounts: How To Choose the Right Account

Money market accounts (MMAs) combine the elevated APYs of high-yield savings accounts (HYSAs) or CDs with the functionality of checking.

Many money market accounts allow check writing privileges. There is usually a limit on the number of checks you can write from your money market account.

Money market accounts and money market funds have nearly identical names, and it’s easy to confuse them. But the distinction is important.

Are money market accounts safe? Yes, if held at an FDIC- or NCUA-insured bank or credit union, your deposits are covered up to $250,000 per owner. Read on.