are money market accounts investments or bank accounts
A money market account is a savings account that allows you to make up to 6 transactions a month out of it, DePierro says. It's different from a checking account because a checking account is unlimited.. Those who exceed the transaction limit will begin receiving warning notices from their bank. Get a Money Market Account. Money Market Account Features. With over 3,000 branches and 5,300 ATMs across the country, we make banking easier and more convenient than ever! Apply now for a Money Market account. 1  Online & Mobile Banking – Secure access to your account makes it easy to stay in control of your finances, wherever you are.  Online Statements – Sign up and help the environment while keeping your financial information safe and secure. You can also receive paper statements by mail. With over 3,000 branches and 5,300 ATMs across the country, we make banking easier and more convenient than ever! Apply now for a Money Market account. Valuable features include: Online & Mobile Banking – Secure access to your account makes it easy to stay in control of your finances, wherever you are. Rewards Money Market Savings Account from Bank of America Leverage the Rewards Money Market Savings Account to help reach your goals faster. Higher interest rates. It's your money, make the most of it with a money market account. Earn more for your money than with a Regular Savings account. 5%, 10% or 20% interest rate booster based on your Preferred Rewards tier. 1 Link your Bank of America Interest Checking® account to your Rewards Money Market Savings account (waiver applies to first 4 savings accounts) 2  or.  When you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts) Apply now for a Money Market account. Valuable features include: 1  Online & Mobile Banking – Secure access to your account makes it easy to stay in control of your finances, wherever you are.  Online Statements – Sign up and help the environment while keeping your financial information safe and secure. U.S. Bank START Smart Savings Program – Enrollment is required within 90 days of account opening. You must be a new customer with a new personal Silver Checking Package and a new or existing Package Money Market Savings account. The Rewards Money Market Savings interest rate booster is only available to customers enrolled in the Preferred Rewards program. Your enrollment in Preferred Rewards will not automatically convert any existing money market savings account to a Rewards Money Market Savings account without your request. In response, consumers seeking higher rates took their money out of the banks and put it into money market mutual funds that paid market rates of interest. These funds invest in short-term debt securities but are not federally insured like bank accounts.
It is a savings account.