Top Short Term Investment Options – Invest Wisely, Live Well

Money Market Accounts

Money Market Accounts

Money market accounts are like your regular checking account with restrictions on how many times you can issue a check in a month. Usually, you can withdraw money from it just six times a month.

Only banks offer a higher percentage yield on money markets with an average percentage between 1.65 and 1.85 percent, but require a minimum deposit of $100 to start.

The Federal Deposit Insurance Corporation insures these accounts.