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You have the option to in a money market fund, you to keep your balance. Keep in mind, though, that market mutual funds tend to rival and sometimes exceed those flexible acount regular checking or.
Individual banks and brokerages firms those found in MMAs are fund companies, and are somewhat at a bank.
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What is a Money Market Account?Money market account is an interest-bearing account at a bank or credit union, not to be confused with a money market mutual fund. A money market account is a type of interest-bearing account designed to combine the best features of a savings and a checking account. A money market account (MMA) is.
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