Home equity lending program
Interest earned on most MMDAs you to make a minimum.
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Interest earned on most MMDAs you to make a minimum.
Banks often require a minimum initial deposi t to open an MMA and balances must be maintained over a certain threshold while they are active. They give account holders some of the key benefits of a savings account while providing them with the features of a checking account, including:. Cons Limited transactions Fees Minimum balance requirement. The best money market accounts have some features that are not found in other types of accounts. Risk, rate of return and access to your funds are factors you should weigh before choosing which type of money market account is best for you.
