How-to-Guide on How Money Management Accounts Works
Posted On: March 5, 2025 by CSE Federal Credit Union in: Budgeting, CSE, Education
How-to-Guide on How Money Management Accounts Works
1. What Is a Money Management Account?
A money management account (MMA) is a type of bank account that lets you save money while earning a bit more interest (or dividends) than a regular savings account. It’s a good place to put money you want to keep safe and grow, but still have available when you need it. Generally, a MMA savings rate isn’t as high as a Term Share Certificate or a Certificate...
