We’re always trying to make our dollars go as far as they can for us. Stretching them, investing them, putting to work and watching them double, it is our due diligence to tend to our dollars and see that they stay busy and stay growing. Which often brings up the question of what exactly is the best place to send our dollars off to work? What will achieve the proverbial most bang for our buck? This article aims to size up Money Market Accounts vs Savings Accounts, highlighting the pros and cons of each and detailing some of their histories as financial instruments.

Money Market Pros

One of the most appealing aspects of a money market account is the fact that it makes the ultimate stash house for your cash. With higher interest rate payouts than a traditional savings account, many prefer Money Market Accounts to park their cash. The added advantage being that this parked cash is also extremely liquid. High yields and high liquidity make this an attractive prospect.

Money Market Cons

There are instances however when you’re money can be on the wrong tail of the rat race. If inflation rises faster than your interest rates, then you’re loosing purchasing power, and quickly. Also while Money Market Accounts are generally touted as fairly safe vehicles, they aren’t FDIC insured, so yeah, there’s that to keep in mind. also make sure you stay weary and read the fine print. Some Money Market Accounts come bearing so many fees and charges that can

Savings Account Pros

Traditional savings accounts offer security, mental piece of mind, and unlike under your mattress, the money acrues some value over time. You also have more direct access to your money, and having it be FDIC insured helps you sleep at night, knowing your dollars are safe and sound.

[shortcode-1-In-Article-Banner-728×60]

Savings Accounts Cons

Unlike many other financial vehicles, savings accounts offer a very nominal interest rate, so watching your money grow in a savings account can be akin to watching paint dry. In addition, while you do have access to your money, there are federal limits to how much and how often you can access monies in your savings account.

(adsbygoogle = window.adsbygoogle || []).push({});

In summation, there is no right nor wrong, neither better nor worse. And you don’t have to be dead split to between the two. You can open both a Money Market Account and a Savings Account and start enjoying the advantages of both. Happy Investing!

string(2681) "
We're always trying to make our dollars go as far as they can for us. Stretching them, investing them, putting to work and watching them double, it is our due diligence to tend to our dollars and see that they stay busy and stay growing. Which often brings up the question of what exactly is the best place to send our dollars off to work? What will achieve the proverbial most bang for our buck? This article aims to size up Money Market Accounts vs Savings Accounts, highlighting the pros and cons of each and detailing some of their histories as financial instruments.
Money Market Pros
One of the most appealing aspects of a money market account is the fact that it makes the ultimate stash house for your cash. With higher interest rate payouts than a traditional savings account, many prefer Money Market Accounts to park their cash. The added advantage being that this parked cash is also extremely liquid. High yields and high liquidity make this an attractive prospect.
[shortcode-111-Outbrain]
Money Market Cons
There are instances however when you're money can be on the wrong tail of the rat race. If inflation rises faster than your interest rates, then you're loosing purchasing power, and quickly. Also while Money Market Accounts are generally touted as fairly safe vehicles, they aren't FDIC insured, so yeah, there's that to keep in mind. also make sure you stay weary and read the fine print. Some Money Market Accounts come bearing so many fees and charges that can 
Savings Account Pros
Traditional savings accounts offer security, mental piece of mind, and unlike under your mattress, the money acrues some value over time. You also have more direct access to your money, and having it be FDIC insured helps you sleep at night, knowing your dollars are safe and sound.
[shortcode-1-In-Article-Banner-728x60]
Savings Accounts Cons
Unlike many other financial vehicles, savings accounts offer a very nominal interest rate, so watching your money grow in a savings account can be akin to watching paint dry. In addition, while you do have access to your money, there are federal limits to how much and how often you can access monies in your savings account.
 (adsbygoogle = window.adsbygoogle || []).push({}); 
In summation, there is no right nor wrong, neither better nor worse. And you don't have to be dead split to between the two. You can open both a Money Market Account and a Savings Account and start enjoying the advantages of both. Happy Investing!
"

By Massimo Tornambe Scott Disick, aka “Lord Disick” has gained fame and a devoted following since his appearances on the reality show, Keeping Up with the Kardashians. Disick is renowned for his expensive taste in clothes, cars, and women. The question that millions of fans are asking is: where did his fortune come from? Scott

Traditional weddings can be incredibly stressful, not to mention super pricey – many newlyweds couldn’t even buy a house with that money. What’s supposed to be the happiest day of your life can often feel like an endless quest for absolute perfection – almost as if the ceremony doesn’t come off flawlessly, the marriage itself

Despite the fact that late-stage capitalism is an amoral hellhole driven by a borderline religious belief in the sanctity of brands, we would never, ever suggest that anyone should shoplift from big-box stores, or even imply that doing so is morally okay or a victimless crime. But hypothetically, if we were to give any tidbit

Trying to cancel your gym membership can be more tiring than actually attending that kickboxing class you keep skipping. Getting out of your gym contract can be so tough that people are going to great lengths to avoid paying any penalties. After going into debt living a lifestyle she couldn’t afford, this woman forged fake

The Momager May Be Worth More Than You Think… Kris Jenner is a pop culture icon for many reasons. While you may have watched her meteoric rise to fame on Keeping Up with the Kardashians — which originally debuted on E! — she’s actually been a fascinating figure in the public eye for ages.  As

Everyone says the economy’s healthier than ever, but some of us still find it necessary to make that paycheck stretch…and stretch…and stretch. The better we understand our spending habits, the better we can manage them. Living frugally can benefit you in many ways. You’ll grow more self-reliant, creative, and resourceful as you learn to make

Spring is in the air — and while you’re clearing out closets and scrubbing the back corners of the kitchen drawers, why not do a deep clean on something that really weighs you down? We’re talking about debt. Yep, those sneaky credit card balances, student loans, Buy Now Pay Later plans, and subscriptions that keep

Attention fellow thrifters! Raise your hand if you’ve ever experienced buyer’s remorse over some of your past secondhand shopping. *Raises both hands, high.*  One of the many benefits when it comes to thrifting vs. shopping high-end retail, is that it saves you a ton. With this in mind, it’s easy to get carried away with

In the 1980s movie Little Shop of Horrors, the protagonist Audrey fantasizes about owning a house of her very own. She doesn’t ask for much: just a simple one-storey place with a washer, dryer, and bedding will do.  And while this moment in the film is intended to satirize the American Dream by underlining how

Tax season can absolutely wreck your life for a few weeks, especially if the very thought of anything math-related makes you break out in a rash. (No? Just me?) But regardless of how overwhelming organizing all your receipts and deductions may seem, the process can be made a million times easier with the help of