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.

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

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 vs. checking account: compare interest, fees, access, and withdrawal limits to see which account fits your saving and everyday spending.