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Money market account

A bank deposit account that pays interest like a savings account and may include checks or a debit card. It is FDIC insured.

A money market account is a savings account with a few checking features. Some require a higher minimum balance to earn the best rate, and some limit how many withdrawals you can make each month.

Do not confuse it with a money market fund. A money market fund is an investment sold by brokerages. It aims to be very stable, but it is not FDIC insured.

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