Assets on money market savings accounts fell $14.68 billion for the last full week of January in 2012, according to a report by Investment Company Institute. This number is for all money market mutual funds in the United States.
Retail money market mutual funds feel $5.73 billion. Of these, taxable money market funds fell $3,89 billion, [...]
Money Market Account Rates
Money market accounts are similar to savings accounts, but with a twist. They often require a substantial minimum balance, but on the other hand, they often will earn more interest on the funds in them than a traditional savings account. The high interest rates are based on money markets, naturally, and may fluctuate. Some MMAs will even permit limited check-writing. However, they are a unique type of deposit account, and here, you can find out more about Money Market Account Rates and whether this form of banking is one that you can use to your advantage.
