Economics & Everything elseThe blog about human needs and limited resources

Money market accounts are just like saving accounts except that they are not FDIC insured (most of the time). The benefit of money market accounts as opposed to regular savings accounts is that they can make you a bit more money with not a lot of risk. Now the amount of money that you will make is minimal but every penny counts. I for one have a Paypal Money market account and that seems to work very well for me although I keep a very little amount of money within it. I recommend money market accounts only if you are able to take some risk, otherwise I recommend going with a strong bank with a good history like FNBO or ING bank.