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@ Yahoo! Finance - by layer3.news
2025-02-27 10:33:32
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✍️ Money market funds and high-yield savings accounts are two popular options for savers who value lower-risk investments. Both offer convenient access to funds and attractive benefits, but work differently and have distinct characteristics.
👉 Money market funds are a type of investment fund that pools cash into low-risk assets
👉 High-yield savings accounts offer higher interest rates than traditional savings accounts
👉 Both options are low-risk and offer easy access to funds
👉 Minimum deposit requirements and fees vary between money market funds and high-yield savings accounts
👉 Interest rates are variable and subject to change over time
#finance
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