Are money market accounts safe?

Michael Solomich
September 29, 2022
5:03 pm

When it comes to saving money, people have a lot of options. One option is to put money into a money market account. Money market accounts are investment accounts that typically offer higher interest rates than savings accounts, making them a popular choice for people who are looking to grow their money. But are they safe? In general, money market accounts are considered to be low-risk investments. This is because the money in these accounts is typically invested in short-term debt, such as government bonds. As a result, the funds in a money market account are less likely to lose value than those in other types of investment accounts. However, it is important to remember that no investment is completely risk-free. Before opening a money market account, be sure to research the specific risks associated with this type of account.

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