Money: Know It to Grow It - Money Market Savings Account

Transcript:

A money market savings account is a type of savings account…

…that can offer a higher interest rate than regular savings accounts.

While savings accounts may allow you to have ATM or card access…

...a money market savings account usually gives you check-writing options to withdraw funds…

…similar to a standard checking account.

Money market savings accounts are a good option if you want to earn more interest…

…or save for a specific goal…

…while still having easy access to your money.

And when your account is with an FDIC-member bank…

…your money is insured up to $250,000 per depositor, per account.

Which makes it a good place to put your trust - as well as your money.

So that's money market savings accounts. Find more ways to know and grow your money at Synchronybank.com.

LEARN MORE: Video - Money: Know It to Grow It - CDs