5 Things You Should Look for in Money Market Deposit Accounts
Once you've decided to open a money market deposit account, experts suggest keeping these five factors in mind: Interest rate. "Look for savings or money market deposit accounts with the highest interest rate you can find," Michael Hardy, a Certified Financial Planner® and a partner at Mollot & Hardy in New York, says. He added, […]
What Kind of Savings Product Is a Money Market Account? Short-Term, Long-term, or Something Else?
Everyone has (or should have) both short- and long-term financial needs and goals. You need to pay this month's bills; you need to cover this year's property taxes; you want to build wealth for retirement. And sometimes you feel like you're pulled in different directions. So where do money market accounts fit into this balancing […]
A Money Market Account Might Not Be the Obvious Choice for You – Yet.
If you already have a checking account and a traditional savings account, not to mention a certificate of deposit (CD) or two, you may be thinking, "That's good enough for me. Why should I be looking at a money market account?" Depending on your financial goals, of course, a money market account may not be […]
What Is a Money Market Account?
A money market account is essentially a type of savings account that you can open at nearly any bank. And because most banks—including Credence Global Bank—are members of the Federal Deposit Insurance Corporation (FDIC), deposits in most money market accounts come with the peace of mind of being insured by the FDIC to the maximum allowed […]
The Credence Global Bank Money Market Account Makes It Easy to Save
As the marketplace fills with a number of different banks and products, all offering very similar benefits, you may find yourself asking what defines a Money Market Account. A money market account is a personal savings option that may give you more flexibility of access than you have with a regular savings account. Typically, you […]
Online Money-Market Accounts: Tear Down the Bricks and Mortar
Banking once meant interrupting your daily routine and traveling to a building where you stood in line to wait your turn to speak with a teller. You did your banking on the bank's schedule, not your own. Today, an increasing number of Americans have decided they want to bank at their own convenience. And while […]
If You Already Have a Savings Account, Is It Time to Explore a Money Market Account?
A money market bank account can be a useful and financially rewarding place to sock away your personal savings. Even if you already have a regular savings account, it’s a good idea to explore different savings options. Now might be the right time to look into money market accounts to see how they can meet […]
Develop a Savings Program Based on Your Goals
You've put aside $1,000 to save. But you're unsure where to stash your cash. Maybe you're trying to decide between a money market account and a mutual fund, looking to find a way to protect and grow your savings. First, decide what your savings goals are. If your saving goals are short-term, say, next summer's […]
The Common Characteristics of Top Money Market Accounts
A quick search of financial websites can turn up enough money market accounts to leave you cross-eyed. But before you despair, relax. The financial experts we've talked to say that most top money market accounts share some key traits that can make them stand out from the crowd. High Yield. The best money market accounts […]
Money Market Accounts: A Good Deal or Not
If you’ve heard an advertisement for a "high performance money market account" or something similarly named, you may be wondering just what that is and if it’s a good deal for you. What some banks call a "high performance money market account" is really just a money market account that may or may not have […]
