Author Topic: Money Market Account Limits  (Read 307 times)

Offline FunLex

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Money Market Account Limits
« on: November 05, 2013, 11:26:30 PM »
What are the limits of money market accounts? Are ATM cards and other forms of savings account transactions available for money market accounts?
« Last Edit: November 05, 2013, 11:26:30 PM by Guest »
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Offline LinFun

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Re: Money Market Account Limits
« Reply #1 on: November 05, 2013, 11:27:02 PM »
It depends on the bank that you have enrolled a MMA or a Money Market Account into. There are banks that can accept an MMA for as little as a couple of hundred dollars, but there are banks where you need to dole out thousands upon thousands of dollars in order to get a high yield account.
« Last Edit: November 05, 2013, 11:27:02 PM by Guest »
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Offline FunBad

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Re: Money Market Account Limits
« Reply #2 on: November 05, 2013, 11:27:53 PM »
I think that instead of worrying whether you can have a money market account or not, what you can do is to have an *essment of your money and ask the bank what kind of account they can offer. Usually, they would get you to choose an account that has a high maintaining balance, but what you really need is an account that is lower than the amount that you have.
« Last Edit: November 05, 2013, 11:27:53 PM by Guest »
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Offline Candy3

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Re: Money Market Account Limits
« Reply #3 on: November 05, 2013, 11:27:59 PM »
Yes, they do. Money Market Accounts have ATM cards as part of the account, and you can use it in a limited amount of time without going over your minimum balance requirement that is usually no less than a thousand dollars. So, managing your money with a Money Market Account is still practical, as it teaches you how to save for more so that you hcan pay for less.
« Last Edit: November 05, 2013, 11:27:59 PM by Guest »
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