什么是a ? 货币市场帐户?

If you’ve been researching what kind of bank account is right 为 you, you’ve probably noticed that most financial institutions, 包括帕特尔科信用合作社, 提供 货币市场账户. This article explains how 货币市场账户 work, 和 how to choose one that can help you meet your financial goals.

a是什么? 货币市场帐户?

A 货币市场帐户 (MMA) is a type of deposit account 提供ed by credit unions 和 banks. mma是 insured by the National 信贷 Union Association 最高250美元,000(或联邦存款保险公司), 如果你在银行开户的话。, so they’re a low-risk way to have access to your cash while earning interest.

一个 货币市场账户工作?

A 货币市场账户工作s like other bank accounts. Just like a savings account, you can make a deposit 和 earn interest on your money. You can also access your money whenever you need it.
 
2020年4月之前, financial institutions were required to limit withdrawals or transfers from savings 和 货币市场账户 to six per month, but that requirement was lifted during the coronavirus p和emic. (Some banks 和 credit unions may choose to continue limiting the number of these withdrawals.)

是什么? 货币市场账户的好处?

Money market accounts 提供 several benefits, including:

• Higher interest rates compared to regular 储蓄账户. Some accounts even have tiered interest rates so you can earn more based on how much is in your account.
• 很容易拿到你的钱. You can use ATMs 和 online banking tools, 用支票付款, 借记卡, 或者电子转账.
• In some cases, you may be able to link your MMA to your 支票账户 为 透支保护.

有哪些? 货币市场账户的缺点?

There can be some drawbacks to 货币市场账户, 虽然, so it’s important to do your research 和 shop around.

• You may need to pay a monthly fee or maintain a minimum balance. (Patelco 货币市场+ 和 货币市场选择 accounts do not have minimum balance requirements.)
• While some MMAs allow check writing, you may be limited to a certain number per month.
• You may also be subject to a limited number of transactions per month.

谁应该开一个 货币市场帐户?

Money market accounts aren’t really meant to cover your everyday expenses like rent, 杂货或健身房费用. Instead, the best mma是 an ideal way to save (和 earn!在短期内赚不到钱. Stash your cash in a 货币市场帐户 为 an 应急基金，假期，或者 大采购 -任何人都可以买新车?
 
For longer-term savings or higher yields, speak to a 财务顾问 to find the right investment solution 为 your goals. And if you can’t meet your financial institution’s minimum balance requirements, shop around or consider a regular checking or savings account.

比较 货币市场账户vs. 储蓄账户

在开立货币市场账户之前, it’s important to do your research to find the right account 为 your financial goals. 信贷 unions usually 提供 a higher Annual Percentage Yield (APY) on 货币市场账户, but that’s not always the case — 和 if you can’t meet the minimum balance requirement each month, 你可能要支付费用.
 
确定, 储蓄账户 generally earn less interest than 货币市场账户, but they usually come with fewer restrictions. Opening deposit 和 minimum balance requirements may be less, 为 instance — but if you can meet account requirements, always opt 为 the option with higher yields 和 less costs to you.

比较 货币市场账户vs. 证书

Share 证书 (or 证书 of deposit, as they are known at banks) are a kind of savings account that comes with a fixed interest rate. Their Annual Percentage Yield (APY) is usually somewhat higher than that of a 货币市场帐户, but share 证书 come with strings attached: You can’t touch your money until the share certificate matures. And if you do make a withdrawal be为e the end of the term, you’ll be charged penalty fees.
 
Patelco的成员可以见面 CFS财务顾问¹ to learn how we can help you meet your goals.