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What are the benefits of money market accounts?

Money Market Investing

Look into opening a money market account with your bank or credit union for a quick money market investing strategy. These money market accounts generally offer a slightly better interest rate than savings accounts and allow you to write some checks against them. The downside is that there is often a high minimum balance. If your funds dip below the minimum you could be required to pay a fee that will quickly negate any benefit you get from money market investing in the first place.

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