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What is the difference between a money market account and CD?

Money market accounts (MMAs) and certificates of deposit (CDs) are types of federally insured savings accounts that earn interest. But their rates and ease of access differ. CDs tend to have higher rates than money market accounts and give no access to your money until a term ends.

Do I need a CD or money market account?

On the other hand, if you want to save money and earn interest while keeping those funds easily accessible, a money market account could be the better fit. Knowing what you need a CD or money market account to do for you can help you decide which one belongs in your savings plan.

Can I open a CD and a money market account online?

Both a CD and a money market account can be opened at any bank or credit union that offers them. Many banks and credit unions now allow you to open CD and money market deposit accounts online. When opening either one, there are a few things to consider for comparing accounts, including:

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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