 TITLE: What’s the Difference Between Money Market Accounts, CDs and Savings Accounts? CONTENT: Money Market Accounts\n---------------------\nAs with a savings account, a money market account is insured by the FDIC or NCUA, and it has withdrawal limits.\nHowever, a money market account generally offers a higher APY than a traditional savings account. That's because cash in a money market account is invested in the financial markets. As of January 2021, the average interest rate for a money market account was 0.07% for a balance below $100,000 (compared with 0.05% for a savings account).\nUnlike a savings account, you may be able to write checks with a money market account. END