but it should be noted that they are very different accounts. A money market account is a type of bank account. Its protected by federal insurance in the event of a bank failure. A money market ...
or money market funds, are investment accounts brokerage firms offer. They’re a type of mutual fund that is completely different from the money market deposit account we’ve been describing.
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What Is a Money Market Fund?However, they’re very different. Check Out ... Both retail and institutional investors can buy this type of money market fund. Municipal money markets invest their assets in tax-exempt bonds ...
While not always the case, overall, CD accounts tend to have higher interest rates than money market accounts. Right now, CD ...
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