Asset Classes

Money Market Accounts

Low Risk Interest Bearing account that typically pays a higher savings rate than a savings account

More About Money Market Account

Simple Definition:
Low Risk Interest Bearing account that typically pays a higher savings rate than a savings account
  • Shot term
  • Highly Liquid
  • May invest in a variety of short-term, liquid securities (typically one year or less)
  • Often require a higher minimum balance than banks accounts and restrict the number of withdrawls
  • Less liquid than a checking account, but more liquid than bonds.
  • Often invest inĀ 
  • Often offer check writing ability
  • Typically is FDIC insured