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What is a Money Market Account?

Enjoy higher yields and easy access to your money, the best of both worlds.

Saving your money can be tough. Sometimes, understanding all of the different places you can save your money is even tougher. Luckily, we're here to help!

So, what is a Money Market? This account is a lot like a regular liquid savings account. You can store your money and earn dividends based on your balance. They’re also unique in that they have a few features that are common to checking accounts, like the ability to write a check against the balance, and sometimes can even include debit card access.

At Clearview, we have two Money Market account options that promise higher yields than traditional savings accounts and offer easy access to your money whenever you need it.

What are the benefits?

The kicker about a Money Market account is that they generally earn higher dividends than a regular savings account would. That means you earn more on your money over time, which makes this type of account ideal for a longer-term financial goal.

Relationship Money Market Account
Enjoy higher yields than traditional savings accounts and easy access to your money whenever you need it.

What is a Money Market good for?

Ideally, you’d use this type of account for something like wedding expenses, or the down payment on a house, where you’d want to keep your earnings high but also would eventually need to touch the money a few years down the road.

Ready to get started?

Now that you can confidently answer the question, “what is a money market?”, be sure to check out all of our saving solutions. Looking for some tips to go along with your new account? Zogo has plenty of financial education courses to help you reach your money goals!

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