High Yield Money Market Account: Instead of an Introduction
If you have a high yield money market account
, you will find three avenues to retrieve your money. You are allowed to secure checking accounts. You can get an ATM card, which is handy which you can use to withdraw your money as and when you need it. There are also provisions of online transfers. A high yield money market account is famous for the higher rates of interest it generates, and this is higher than what is available in any other savings accounts. The interest rate is usually one percent higher and sometimes it is two percent higher than what the banks or financial institutions pay. This kind of account is also famous for the annual percentage yield which means that interest earned from the investment are allowed to produce interest further. This is nothing but compounded interest.
High Yield Money Market Account: Instead of an Introduction