A money market account is a type of savings deposit account that tends to offer check-writing privileges and a debit card for ATM access to your savings. Typically, savings accounts usually don’t let you write checks from the account,

While not always the case, overall, CD accounts tend to have higher interest rates than money market accounts. Right now, CD rates generally top out around 4.50%, according to Bankrate, while money market account rates are around 4.46% or lower.