All You Need to Know About Money Market Accounts

What is it?

A money market account is a unique account that blends the best features of checking and savings accounts while offering your money a real chance at growth.

Why open a money market account?

• High interest rates that surpass traditional checking accounts.

• Increased flexibility, often offering check-writing abilities and debit card access.

• Security and stability that is unaffected by market conditions.

• Minimum balance requirements.

How do I use a money market account?

• Occasional expenses

• Tuition payments

• Emergency household repairs

• Unexpected medical fees 

• Purchasing a new car

• Tax and/or insurance premium payments

• Annual vacation

How do I manage my money market account?

Keep your account well-funded at all times to avoid penalties and fees.

Build your balance over time by automating monthly transfers and watching your money grow.