Money Market Account vs High-Yield Savings Account

Here's what you need to know when deciding between a money market account vs high-yield savings account

Woman holding two piggy banks, with question marks over her head.
(Image credit: Getty Images)

Torn between opening a money market account vs high-yield savings account? With so many savings account options out there, choosing where to store your cash can be challenging. Both money market accounts and high-yield savings accounts can help you build your savings, thanks to their high savings rates, but deciding between the two can be tricky. 

Because of this, it’s important to research which account is better suited to you and your financial needs. Start by comparing the features of each account below.

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Erin Bendig
Personal Finance Writer

Erin pairs personal experience with research and is passionate about sharing personal finance advice with others. Previously, she was a freelancer focusing on the credit card side of finance, but has branched out since then to cover other aspects of personal finance. Erin is well-versed in traditional media with reporting, interviewing and research, as well as using graphic design and video and audio storytelling to share with her readers.