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Money market account definition

Because interest rates and other provisions can vary from one financial institution to another, it's worth shopping around. Depositors who exceeded the limits were fined. Consider the APY, minimum balance requirements and fees as you look at different options.

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Bmo aba routing number

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Wells fargo san mateo ca

calendar_month 09.03.2021

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One difference between the accounts is access. Skip to main content. Many will impose monthly fees if the balance falls below the minimum. Related topics. A money market account is an interest-bearing account that combines some of the same features of a checking account and a savings account.