What Is a Money Market Account Vs Savings Account

There are many types of accounts available for storing and transacting with money. The two most popular options are savings accounts and money market accounts. 

Both gain interest over time, meaning you have added value in using them. However, some differences may lead you to choose one over the other.

Let’s look at the similarities and differences of both. Learning about what they bring to the table and their potential disadvantages can lead you to an informed decision. 

It’s all about your goals and the features that each one has that support your goals.