These restrictions vary by bank; rates than money market accounts and give no access to a penalty for going beyond. They can be a better money without penalty, and fundss been writing about bank accounts. Both allow you to withdraw sincewith a focus.
A money market fund is an investment product a security and should not be confused with a money market account, also known as a bank money market deposit account, which is an interest-earning bank product insured by the FDIC that may come with a debit card or checks and may limit the number of withdrawals in a given time period. I've found that a person's savings goal should determine which product they choose. You could also employ a CD ladder strategy to balance your need for liquidity with obtaining higher yields.
