Here's what you need to know about how money market accounts work, their pros and cons, and what to consider before opening one. Introduction to money market accounts Money market accounts are a ...

Money market accounts work similarly to savings accounts in that you earn interest on the funds you deposit. These accounts aren’t meant for everyday spending, like a checking product.

Savers who have significant sums to stash away may be able to earn a little extra interest by putting their money in “jumbo” certificates of deposit or money market deposit accounts, which have larger ...

Central to how money market funds work is a metric called “net asset value,” or NAV, which represents a fund’s value per share. The fund determines its NAV by subtracting liabilities from ...

She suggests that investors work with financial advisors who can help with their ... many investors turn to cash equivalents — think high-yield savings accounts, US Treasury bills, money market funds ...