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By David
What Is a Money Market Account?
There are many different places to put away your monetary savings; under the mattress, in a shoebox, in a home safe, buried in the backyard… or a bank. Most people put their money in a regular old savings account at their bank, either because they don’t know there are better options or because they feel safer having it down the street in that little brick building. If that’s you, you may be missing out on a (now only slightly, but in the past much better) interest rate on your savings, as there is an alternative that acts pretty much just like a regular savings account but gives you a higher return on any money you just have sitting around waiting for use.
