Money market accounts generally offer better interest rates than you’ll get from a traditional savings account plus you’ll get some checking account features with a money market account. The interest is compounded daily.
Get the best money market rates for 2019 to grow your money faster. We like money market accounts because they provide liquidity and great earning rates.
Yes, bank money market accounts are FDIC-insured but credit union money market accounts are not. Credit union money market accounts are NCUSIF-insured.