Money market versus cd

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CD laddering provides periodic access offer a higher yield than your assets in cash or longest term, and lock that.

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High Yield Savings Account vs. Money Market Mutual Fund
Key takeaways?? The interest paid on a money market fund can fluctuate daily whereas the interest rate on a fixed-rate CD remains the same for the term of the CD. With a CD, you can get a higher interest rate if you can leave the money untouched for a fixed term. With a money market account, you can get a great interest. Key Points. Money market accounts are high-interest savings accounts, while CDs are deposit accounts that pay a fixed interest rate over a specified term.

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A money market account may be the right choice if you need more flexibility. Add subscriptions No, thanks. An investment in the fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You prefer the balance of a solid rate plus easy access.