One of my friends was talking about her Money Market Account. I’ve looked it up online but I’m still a little confused. What is the interest rate based on? Can you lose money like you can in stocks? What are some general pros and cons? Do you need a minimum number of deposits/withdrawals? I’d like to let my emergency fund remain pretty liquid but still earn more interest than it is in my savings account, is this a good option? TIA!
Submitted September 22, 2020 at 09:17PM by Live2Sail1 https://ift.tt/3cuWMzy
