Comments on: What is a money market account (MMA)? http://www.e-wisdom.com/faq/banking/what-is-a-money-market-account-mma/ Answers to frequently asked questions to help you save money on monthly expenses. Thu, 29 Oct 2009 17:03:15 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Matt http://www.e-wisdom.com/faq/banking/what-is-a-money-market-account-mma/comment-page-1/#comment-74 Matt Thu, 08 Oct 2009 14:37:27 +0000 http://www.e-wisdom.com/faq/?p=333#comment-74 No, money market accounts (MMAs) and money market funds (MMFs) are not the same. Despite the similar names, these are two completely different financial products. MMAs are deposit accounts that act much like traditional savings accounts and are available at most major banks. MMAs are also FDIC insured. MMFs are low-risk mutual funds that pay dividends and are available at financial institutions that sell investment products. Although regulated by the SEC, MMFs are not FDIC insured. No, money market accounts (MMAs) and money market funds (MMFs) are not the same. Despite the similar names, these are two completely different financial products.

MMAs are deposit accounts that act much like traditional savings accounts and are available at most major banks. MMAs are also FDIC insured.

MMFs are low-risk mutual funds that pay dividends and are available at financial institutions that sell investment products. Although regulated by the SEC, MMFs are not FDIC insured.

]]> By: Barbara G. http://www.e-wisdom.com/faq/banking/what-is-a-money-market-account-mma/comment-page-1/#comment-73 Barbara G. Thu, 08 Oct 2009 00:36:01 +0000 http://www.e-wisdom.com/faq/?p=333#comment-73 How are money market accounts different from money market funds? Or are they the same thing? How are money market accounts different from money market funds? Or are they the same thing?

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