Investopedia is part of the Dotdash Meredith publishing family. You can do that by depositing cash or checks, or through a wire transfer. Read review. Note that this is different from funds held in money market mutual funds, which are not federally insured.
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Read MoreMoney market accounts act very similar to high-yield savings accounts, with one major difference: you can write checks from the account. Are you sure you want to discard the comparison? Money market rates specify the interest earned on a money market account. Generally, a high-yield money market account pays a higher APY than a checking account because banks can assume that your money will be in there for a longer period. That means the rate and APY you receive can rise or fall as market conditions change.