Money Market Accounts Explained

CIT Bank, a division of First Citizens Bank & Trust Company, Member FDIC.
Use the link below to Learn More about the CIT Bank Money Market Account

I’m sure you’ve heard about checking accounts and savings accounts, but you may not be familiar with Money Market Accounts. In this video I'll tell you how money market accounts are different from savings and checking accounts. And I'll tell you how they can help you answer the question of where to store your emergency fund.

00:00 Money Market Accounts Explained
01:02 What is a Money Market Account?
02:16 Pros & Cons of a Money Market Account
03:49 Money Market Account vs High Yield Savings Account
04:39 Why Get a Money Market Account
06:53 CIT Bank Money Market Account

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[pcdihealth]

You know it is good to see representation when investing. I had to learn from someone what investing was and how it can benefit me in the long run. Keep up the good work. You never know who needed to hear this information like yesterday.

[faithn]

Money Markets out of the US....can give you 9%to11% interest. Your acct has to be fixed for 3, 6, 9 or 12 months. The more you put in the more ROI. Research different countries....

[davidbrooks]

Your information is wrong about the higher savings account..