Investing in an MMDA often requires the customer to maintain a higher balance than what is required for a standard savings or checking account. That feature prohibits some customers from opening an MMDA.
Find the best yields on money market accounts today using our simple tools. Do you have a large amount of cash that needs to stay liquid along with a competitive rate? Follow these simple steps to earn competitive rates on your shorter-term savings. Which of these accounts is best for you? By Vance Cariaga. By Scott Jeffries.
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Advertiser Disclosure. European Money Fund Symposium Online. Email This Article. Use a comma or a semicolon to separate. List Archives by Title Only ». All rights reserved. Taxable funds usually pay a higher yield, but may not always be the better deal, when income taxes are taken into account.
Money market accounts may never generate a lot of buzz, but they can be a good alternative to traditional savings and do serve a need, offering some diversify and a way to spread risk across a portfolio — as well as a convenient, relatively safe place to store assets while considering other options. This article is intended to provide general information and should not be considered legal, tax or financial advice. It's always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.
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