Certificate of deposits or CDs and money market accounts
are popular ways to save.
The Premium account offers features such as four interest-bearing checking accounts, four savings or money market accounts
, specialty cards, money orders, cashier's cheques etc.
Because there are so many ways to save and invest money to earn more on your dollar, money market accounts
have all but been forgotten.
While money market accounts
or GICs may be prudent for short-term use, they may not be appropriate for long-term investing for retirement.
In addition, money market accounts
provide full liquidity and the security of being insured up to $100,000 by the Federal Deposit Insurance Corporation (FDIC).
B died owning several IRAs funded with marketable securities and money market accounts
On top of that, it gives them access to brokerage accounts that allow them to invest in mutual funds, stocks, bonds, or money market accounts
They began losing deposits to money market accounts
and mutual funds, which, unlike S&Ls, could pay as much interest as they wanted.
Today, savings institutions and credit unions also offer checking, and many nondepository institutions offer money market accounts
with a limited checking feature.
For many savers, this insurance ceiling has been the cause of maintaining certificates of deposit and money market accounts
at multiple institutions.
Overall, money market accounts
can be a great tool for your business to leverage with the extra cash in a savings account.
Second Tier: This level offers low risk and low return, and includes such investments as money market accounts
, bond mutual funds, and high-grade corporate bonds.