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Money Market
Term category: General Investing
In 10 words or less:  An account that pays interest in exchange for the use of your money.

Definition: Money market accounts pay competitive interest rates (higher than savings accounts) in exchange for the use of your money.

StockJargon Advice: Money market accounts pay higher interest rates because they usually demand that you keep a higher balance.  Also, many people get these confused with CD's.  They are in fact quite different: CD's are time deposit accounts whereas money market accounts are demand deposit accounts.  This means you can take your money out whenever you choose.

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