Retirement & Savings

What Is a Money Market Account?

A money market account is an interest-bearing deposit account at a bank or credit union that often combines savings-account features with limited check-writing or debit card access. It may require a higher minimum balance. At insured banks it is covered by deposit insurance, unlike a money market fund, which is an investment product.

Money Market Account vs. Money Market Fund

A money market account is a bank deposit; a money market fund is a mutual fund that invests in short-term securities and is not deposit-insured.

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🔗 Related Terms

Savings Account High-Yield Savings Account Mutual Fund Liquidity

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Last updated: September 27, 2026. This definition is for general educational purposes only. It is not financial, investment, tax, legal, or medical advice, and it does not recommend any product or course of action. For decisions about your own situation, consult a qualified professional.