Our roundup delves into the features of both types of accounts to help you determine which one could be right for your financial plans, or if there’s room for both in your money mix. You’ll probably need a little more to go on before answering the question, “How do I decide between a money market account or checking account?” No worries. “Is this money for daily, weekly or monthly use? Or is it money that will not be needed regularly?” “Think about how you will be using the money within the account,” says Jill Emanuel, lead financial coach at Fiscal Fitness. Both types of accounts have unique advantages, depending on your savings and spending goals. But how do you know which to choose? Decisions, decisions. If you’re looking for a new bank account that allows you to easily store as well as access your cash, you might be thinking about opening a money market account or checking account.
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