What can a money market IRA account do for me?

Answer Economic downturns, such as the one that occurred in 2008-09, can make even the savviest investor nervous. Many people saw their IRAs lose considerable value and began looking for safer retirement ... Read More »

Top Q&A For: What can a money market IRA account do for me

Is there a difference between the APY on a savings account& a high-yield money market account?

No, the formula for annual percentage yield (APY) is one plus the periodic interest rate. Then raise the sum to the power of the number of periods of investment. Finally, subtract one. The formula ... Read More »

Is a Money Market Checking Account Also a Savings Account?

Money market deposit accounts (MMDAs) are bank savings accounts that have some of the withdrawal capabilities of checking accounts. Some people think money market accounts are checking accounts bec... Read More »

What is a money market SEP account?

A money market SEP account refers to a "simplified employee pension" plan based upon contributions to a money market account that is set up by an employer for all covered members of the organizatio... Read More »

How do I open a money market account?

How To Open A Money Market AccountEnter your bank's website into your web browser. Click the savings products link on your bank's homepage. Search for the "money market savings" option listed withi... Read More »