2023年12月24日 • 3分钟
文章内容
If you’ve been researching what kind of bank account is right 为 you, you’ve probably noticed that most financial institutions, 包括帕特尔科信用合作社, 提供 货币市场账户. This article explains how 货币市场账户 work, 和 how to choose one that can help you meet your financial goals.
A 货币市场帐户 (MMA) is a type of deposit account 提供ed by credit unions 和 banks. mma是 insured by the National 信贷 Union Association 最高250美元,000(或联邦存款保险公司), 如果你在银行开户的话。, so they’re a low-risk way to have access to your cash while earning interest.
A 货币市场账户工作s like other bank accounts. Just like a savings account, you can make a deposit 和 earn interest on your money. You can also access your money whenever you need it.
2020年4月之前, financial institutions were required to limit withdrawals or transfers from savings 和 货币市场账户 to six per month, but that requirement was lifted during the coronavirus p和emic. (Some banks 和 credit unions may choose to continue limiting the number of these withdrawals.)
Money market accounts 提供 several benefits, including:
The best mma是 an ideal way to save — 和 earn — money in the short term. Stash your cash in a 货币市场帐户 为 an 应急基金,假期,或者 大采购.”
There can be some drawbacks to 货币市场账户, 虽然, so it’s important to do your research 和 shop around.
Money market accounts aren’t really meant to cover your everyday expenses like rent, 杂货或健身房费用. Instead, the best mma是 an ideal way to save (和 earn!在短期内赚不到钱. Stash your cash in a 货币市场帐户 为 an 应急基金,假期,或者 大采购 -任何人都可以买新车?
For longer-term savings or higher yields, speak to a 财务顾问 to find the right investment solution 为 your goals. And if you can’t meet your financial institution’s minimum balance requirements, shop around or consider a regular checking or savings account.
在开立货币市场账户之前, it’s important to do your research to find the right account 为 your financial goals. 信贷 unions usually 提供 a higher Annual Percentage Yield (APY) on 货币市场账户, but that’s not always the case — 和 if you can’t meet the minimum balance requirement each month, 你可能要支付费用.
确定, 储蓄账户 generally earn less interest than 货币市场账户, but they usually come with fewer restrictions. Opening deposit 和 minimum balance requirements may be less, 为 instance — but if you can meet account requirements, always opt 为 the option with higher yields 和 less costs to you.
Share 证书 (or 证书 of deposit, as they are known at banks) are a kind of savings account that comes with a fixed interest rate. Their Annual Percentage Yield (APY) is usually somewhat higher than that of a 货币市场帐户, but share 证书 come with strings attached: You can’t touch your money until the share certificate matures. And if you do make a withdrawal be为e the end of the term, you’ll be charged penalty fees.
Patelco的成员可以见面 CFS财务顾问1 to learn how we can help you meet your goals.
考虑开个储蓄账户? Get answers to what is a savings account 和 the different types you have to choose from.
寻找省钱的方法? Find out how to build an emergency savings fund from the experts at 帕特尔科信用合作社. 现在就开始存钱!
How do I decide whether to prioritize saving or paying off debt? The good news is that you can make progress in both areas of your financial health by making a financial plan that accounts 为 your goals.
1 Non-deposit investment products 和 services are 提供ed through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member 美国金融业监管局 / SIPC) 和 SEC Registered Investment Advisor. Products 提供ed through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, 和 may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. 帕特尔科信用合作社 has contracted with CFS to make non-deposit investment products 和 services available to credit union members.