One way of managing your cash is through money market accounts or money market deposit accounts. A money market account may be similar to an interest-bearing checking account, but it has more advantages than a typical checking or savings account. Maintaining your emergency funds in the money market account is advisable because it offers higher rates of return than checking or savings accounts. You can protect and manage your savings with accounts at the safest banks in the United States.
Some of the safest banks for Money Market Accounts
The financial stability and sound security of US Bank keeps them very competitive in the market. Insured by Federal Deposit Insurance Corporation, money market accounts with US Bank gives high-yield interest rates. Automatically linked to a U.S. Bank checking account, the money market account can also be used as overdraft protection for the U.S. Bank checking account. US Bank also provides online account access and bank assistance to help you keep track of your account for reference and verification purposes.
Wachovia offers a competitive rate of return for your savings. Insured by the Federal Deposit Insurance Corp., a money market account at Wachovia can be linked to your checking account for overdraft protection. Wachovia allows you to manage your money market account through easy access online.
A money market account in Chase Bank lets you make an investment that you can depend on with their aim of keeping a $1.00 per share price. Chase not only seeks to offer a competitive return on your investment, but they also keep your risks to a minimum level. Their quality customer service through phone and a 24-hour automated information and transaction system also keep your account secure.
Money market accounts or money market deposit accounts with Discover Bank target high rates of return for your investment with 1.20% annual percentage yield (APY). Free online transfers can be done and you can secure your savings with an automatic savings plan. Discover Bank offers convenience and easy access through the Internet, your ATM card, check, Discover Card or Discover Debit Card.
1. US Bank: Products & Services (Money Market)
2. Wachovia: High Performance Money Market Accounts
3. Chase Bank: Money Market
4. Discover Bank: Money Market Accounts
5. Best Money market Accounts
6. Online Bank Reviews for the Best Banks in 2010