# Money Market Account

*Everyday Money — Finicade finance glossary*

A money market account is a bank deposit account that pays savings-like interest while offering some checking features, like a debit card and checks. It's insured like any deposit, which distinguishes it from a money market fund, an investment product that is not. Rates track short-term interest rates closely, so they rise and fall faster than ordinary savings rates. Minimum balances are typically higher, and falling below one usually triggers a fee that erases the rate advantage.

**Also known as:** MMA, money market deposit account

**Related terms:** [High-Yield Savings Account](https://finicade.com/glossary/high-yield-savings-account), [Savings Account](https://finicade.com/glossary/savings-account), [Money Market Fund](https://finicade.com/glossary/money-market-fund), [Liquidity](https://finicade.com/glossary/liquidity)

Source: https://finicade.com/glossary/money-market-account