Money market bank account definition

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Search for your question. Don't see what you're looking. On the other hand, money market accounts usually limit the number of transactions you can. Mutual funds are offered by brokerage firms and fund companies, and it is not a savings or checking account, even mail, or by telephone.

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What Is A Money Market Account?
A money market account is a type of bank account that offers a secure way to save and grow your money, while still having access to your funds if you need them. A money market is a type of deposit account that often pays higher interest rates than standard savings accounts. A money market account is an interest-bearing account that you can open at banks and credit unions. They are very similar to savings.