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How Does A Money Market Account Work?

Are you wondering how a money market account works? Many people do not know that money market accounts offer a solid option for your savings. Money market accounts are similar to savings accounts, with a few important distinctions. Read on to learn how money market accounts work and see if this type of saving is right for you. 

Another Way to Save: Money Market Accounts

save with a money market account

Before you put all of your money into a savings account or other deposit product, you may want to learn how a money market account works. Money market accounts can be a simple way to save, earn interest and continue to have access to your money.

Most people are familiar with the security and accessibility of traditional savings accounts but may not know that money market accounts work very much the same way.

Here are some of the key features of money market accounts:

Opening a Money Market Account

To learn about money market accounts with no service fees, no minimum balance requirements and award-winning customer service, visit Synchrony Bank. FDIC insures our customers up to $250,000, per depositor, per insured bank, for each ownership category.  

Call 1-844-345-5789 today to learn if a money market account is the right choice for you.  

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Source:

Consumerism Commentary: The Difference between Savings Accounts and Money Market Accounts


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