Money market accounts are a type of savings accounts that allows you to write checks and use a debit card on a limited basis. They are not like checking accounts, which allow for an unlimited number of transactions, but they do offer interest (up to 2.01% per year).
Amanda Dixon, writing for Bankrate.com, has put together a list of the best money market accounts and rates for June 2018. Many banks require a minimum balance to participate, though some – like Sallie Mae – do not.
Money market accounts can be a good option for a saver who might need infrequent access to their money. To learn more about how money market accounts work and compare the many banks who offer them, read Amanda’s article here.