Money Market vs High-Yield Savings
**HYSA** is savings with competitive APY and FDIC insurance. **Money market accounts** often allow limited checks/debit and may invest in short-term instruments—rates track Fed policy similarly.
Step by step
1. Compare current APY
Promo rates expire—check ongoing yield.
2. Liquidity rules
Transfer delays and withdrawal limits differ.
3. Insurance caps
FDIC per bank—split large balances if needed.
MMA vs HYSA
Both for emergency funds; not for long-term equity growth.
- HYSA: Simple savings; few transactions.
- Money market: Check/debit features; variable rules.
Use our calculators
Common mistakes
- Chasing promo APY without reading fine print
FAQ
Are they risk-free?
Bank failure risk mitigated by FDIC within limits—not inflation risk.