A Money Market Account is a type of savings account that generally earns a greater quantity of interest than a fundamental savings account. The minimum balance for this account is usually considerably larger than the minimum balance of a fundamental savings account. They can range from $500-$50,000.
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What is a money market account? A money market account is a type of savings account offered by banks and credit unions. Commonly, income markets have higher interest than regular savings accounts and may also have greater minimum balance requirement. Money market accounts only enable 3-6 withdrawals per month and only up to three verify writings. All money market accounts are FDIC insured, meaning if something shall occur to your bank, the government will insure your account up to $100,000.
The underwriting spread earned on an concern is actually divided into three portions: the manager’s charge, … Read more ...