Imagine having a savings account that's also a bit like a checking account. 🤔

That's a money market savings account! 💼

💡A money market account is a high-yield savings account with an unlimited number of withdrawals

High-yield means the interest rate, or % earnings you get back, is often much higher 💰

Average interest rates are 0.01% to 0.03%, but money market accounts can be near 5% 😮

But watch out! 🛑

Money market accounts usually have a higher minimum balance, so they’re not ideal for small savings 💸

However, you can spend more from these types of savings accounts! 👀

You can write checks or use a debit card with these accounts, almost like a checking account! 🧙‍♂️

However, you might have transaction limits each month, since it is still a savings account after all 🕹️

Money market accounts can be great if you've got a good chunk of change and want more flexibility 🪄

So are you ready to level up your savings game with a money market account? 🎮