Money Market Account Calculator

Money Market Account Tips

• FDIC Insured: Money market accounts are FDIC insured up to $250,000 per depositor
• Higher Yields: MMAs typically offer higher yields than regular savings accounts
• Check Writing: Many MMAs offer check writing and debit card access
• Minimum Balance: Often require higher minimum balances to earn the best rates
• Transaction Limits: Federal Reserve limits certain types of withdrawals to 6 per month
• Rate Shopping: Online banks often offer better rates than traditional banks