Money Market Accounts: How To Choose the Right Account

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 accounts at FDIC-member banks are insured up to $250,000. Learn how coverage works, credit union protection and how to insure larger balances.

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.