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Find the Best Money Market for You

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24.10.2020

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Two kinds of money market vehicles are money market mutual funds and money market deposit accounts. For those looking for a place to park cash, the difference is often a point of confusion. Banks and credit unions offer the deposit-account version, usually called a money market account, or MMDA. These accounts come without market risk and are protected by the Federal Deposit Insurance Corp. (see Are Your Bank Deposits Insured?). The mutual fund version—often........

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