Money Market Accounts

Money market accounts are federally-insured savings accounts that pay higher interest than a standard savings account. Banks and credit unions typically sell them. The Federal Deposit Insurance Corporation (FDIC) insures bank money markets, while the National Credit Union Administration (NCUA) insures credit union accounts. The normal... more »

People are always looking for safe and secure investment and savings vehicles. Both money market accounts and certificates of deposit are excellent choices when safety and security are required. However, they are not equally suited for every purpose. These two types of investments have various aspects that set them apart from each other. more »

When is it time to start building your child's college savings? As soon as possible, or even a day sooner. With the cost of college going up every year, it is an excellent idea to begin putting money aside when the kids are in diapers. Even community colleges are going up in price, so the more you can save, the better you'll be... more »

If you want to see your money grow and work for you, it's important to understand there are investment options available other than the standard bank savings account. Although savings accounts generally require a small or even no minimum deposit and monthly balance amount, they usually yield a low interest. A Certificate of Deposit... more »

Online banks have proliferated over the past few years, and it's no wonder. Because online banks have very low overhead costs, they can pass those savings on to customers in the form of higher yields, lower fees, and lower account minimums. Many people are still nervous about using online banks because you can't walk into your local... more »