Money Market Accounts

A money market account is an interest-bearing account at a bank or credit union. Sometimes referred to as money market deposit accounts (MMDA), money market accounts (MMA) have some features not found in other types of accounts. Most money market accounts pay a higher interest rate than regular passbook savings accounts and often include checkwriting and debit card privileges.

Pros
Higher interest rates
Insurance protection
Checkwriting privileges
Debit cards

Cons
Limited transactions
Fees
Minimum balance requirement

At Todo Lujo we strive to help you make smarter financial decisions. The best money market accounts pay a high annual percentage yield (APY) while offering a hybrid of the best features of savings and checking accounts. They also keep fees and minimum requirements low. We can guide you on the best Money Market Account based on your goals.

Interested in investing in Money Market Accounts? Contacto lets talk.