Basic Guides for Money Market
IRA Money Market | IRAs | Retirement Investing | Money-Rates.com
For people worried as they watch their retirement savings go up and down with the stock market, a money market account within an IRA may be a good choice.
Money Market Accounts | Savings Accounts | Money-Rates.com
Money market accounts and traditional savings accounts share certain characteristics, but also have differences that make each product attractive in specific situations.
Money Market Accounts versus Money Market Funds
Many people confuse market funds with money market accounts. But these are two very different things. Money market funds are investments in the debt of governments and major corporations. Money market accounts are much more like savings accounts.
Money Market Accounts Primer
Money market accounts are similar to savings accounts, but often pay higher interest and may carry certain restrictions, such as a minimum balance or a limited number of transactions allowed per month. The goal for the account holder is to receive more interest with less risk. These accounts are historically favored by conservative investors who seek a guaranteed return on their money. They are the "boring" part of many a balanced investment portfolio.
