In the world of low risk investing, money market accounts are a great way for you to earn more than your average savings account while at the same time maintaining more liquidity than certificate of deposits. Here are some of the benefits of money market accounts (MMAs):

• MMAs are liquid
• Check writing and money transfer privileges (often have minimum requirements, limitations and fees)
• MMAs are available at most banks or credit unions
• Deposits may be insured up to $100,000 by the FDIC for non-retirement accounts
• Minimum balance required, may be higher than a savings account requires
• MMAs will earn about twice the interest of a savings account
• Some online banks institutions ofter high-yield MMAs which offer better rates higher risk

Many money market accounts can be linked directly to your other accounts, allowing for easy transfer in and out.