The Brutal Bottom Line. A comprehensive summary of various scientific studies of Edgar Cayce's readings is provided in Chapter Four of The Veil, Book One of the Return of the Phoenix.
A Money Market Account is a type of savings account that usually earns a higher amount of interest than a basic savings account. The minimum balance for this account is often considerably higher than the minimum balance of a basic savings account.They can range from $500-$50,000.When you deposit money into your Money Market Account, it earns interest just like a regular savings account.That interest is the bank's way of thanking you for letting them use your money. Banks then take that money and make other investments or loans.hey can range from $500-$50,000. When you deposit money into your Money Market Account, it earns interest just like a regular savings account. That interest is the bank's way of thanking you for letting them use your money. Banks then take that money and make other investments or loans.
A money-market fund invests in cash equivalents - typically super-short-term loans to creditworthy corporate or government borrowers. People often invest the cash portion of their retirement portfolio, if any, in money-market funds. (Other cash investments include certificates of deposit and bank savings accounts.). Though money-market funds are very safe, their long-term returns are lower than those for bonds, and much lower than those for stocks.