Personal Finance 101: Money Market Accounts Versus Normal Savings Accounts
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Kathleen writes in with a good question:
A lot of personal finance books I read suggest putting your savings - especially stuff like emergency funds - in money market accounts. I’ve looked into them but I can’t figure out what the difference is between a money market account and a savings account. Why is a money market account preferable? What’s the difference?
First of all, let’s get some terminology straight. Most of the time, when a personal finance book refers to a “money market account,” they’re talking about a money market … Continue Reading
