Money Market accounts explained in simple, easy to understand terms. In today's video, I take a look at a type of account you might not be too familiar with - a money market account. I'll explain how money market accounts are different than savings and checking accounts. And I'll explain the best use for a money market account. Your bank or credit union probably offers this type of account, so maybe you'll consider opening one.

Have you used a money market account before? Let me know in the comments.

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FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY. NOT LEGAL OR FINANCIAL ADVICE. The information provided in this video and on this channel is for educational and informational purposes only. It is not intended to be a substitute for legal or financial advice that can be provided by your own attorney, accountant, and/or financial advisor. Practical Personal Finance accepts no liability whatsoever for any losses or damages arising from your own personal financial decisions. You are advised to consult with your financial advisor, tax professional, or attorney regarding any and all financial decisions involving your own income and taxes.

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