Money Market Fund Interest Rates vs. Money Market Account Interest Rates
Let's start by clarifying the difference between money market fund interest rates and money market account interest rates. As you may have guessed, they're different because the products themselves are different. A money market fund is an investment account, while a money market account is a type of bank account. Your money in a money […]
Does the FDIC Insure Money Market Accounts?
Deposits in a money market account from Credence International Credit Unioncome with FDIC insurance, which gives you security and peace of mind. FDIC insurance is provided to member banks by the Federal Deposit Insurance Corporation, a government corporation. Money market accounts in FDIC-insured banks offer a low-risk option for saving money while earning interest. Most banks […]
Make the Most of the FDIC Insurance on Money Market Deposits
The amount of money you want to place in a money market deposit account depends on your personal situation and how cautious you are when it comes to money management. Because your funds in money market accounts are FDIC insured up to the maximum amount allowed by law, they are among the safest places to […]
How Modest, Consistent Money Market Deposits Can Make a Difference
With consistency and discipline, your money market deposits can really add up over time to help you build a strong financial foundation. But before you can see how your money market deposits can make a difference, it helps to understand the benefits and features of money market accounts. A money market account is a type […]
Money Market Comparison: How the Pros Do It
When they compare money market accounts, financial pros often start by asking a series of questions: "What do you plan to use this money for, and how quickly will you need it?" "How can you earn the most on your principal?" "What are the risks associated with this investment or savings product?" "If you make […]
Compare Money Market Accounts
You've decided to open a money market account. Now you have to choose from among what seems to be a virtually endless range of choices. What should you be looking for? Financial planners say you should weigh a range of factors when you compare money market accounts. "The first thing is going to be rate […]
Money Market Accounts: Rates to Strengthen Your Financial Portfolio
As your savings grow, it makes sense to expand your financial portfolio. And experts suggest that you start with the bedrock of a safe, solid emergency savings fund. That savings fund might include a money market account. Rates, of course, are important to take into consideration—but they aren't the only factor. Consider security. "I always […]
Money Market Account Rates in Economic Uncertainty
When you’re going through a time of economic uncertainty, you want to put your cash in a secure, accessible location. A money market account can be a good place to put cash for any number of needs, but what about money market account rates—can you earn a decent rate of interest in these accounts? Of […]
What You Need to Know About Money Market Interest Rates
Once you've decided to open a money market savings account to help you achieve your financial goals, money market account interest rates often become your immediate focus. And, because interest rates vary from bank to bank, it pays to shop around. You may want to start with a website like Bankrate.com, a personal-finance online publication […]
Important Facts About a Money Market Account
Money market accounts are available at many banks, including Credence Global Bank. They are often a great way to earn some interest while maintaining access to your money. Keep in mind the following money market account facts. Federal law limits checks and certain types of telephone and electronic withdrawals and transfers from money market accounts to […]
