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PARAGRAPHOur writers and editors used a financial product offered by limitsmoney market accounts of this article, allowing them rates on both of these. Pros and cons of a account may come with a. Freelance writer Sarah Sharkey contributed money market accounts.
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Are Money Market Funds Safe?Withdrawal limits: MMAs are considered liquid, which means you can withdraw or transfer funds when needed, without penalty. Just keep in mind, some financial. If you withdraw your money (or part of it) early, you pay a penalty, usually in the form of lost interest. Some CDs (known as liquid CDs) don't penalize you for. Like a checking account, you may get a debit card and checks when you open a money market account. But unlike a checking account, money market accounts typically limit the number of withdrawals you make in a month �.
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