Linking Checking Accounts and Money Market Accounts - Why Do It?

Connecting can bring your checking account and money market account, a lot of advantages. But if you know what those benefits might be mistaken, we take a brief look at what they are:

Your checking account is FDIC insured. There is nothing more frightening than losing money, you have acquired and expect to be kept up to date safely in a financial institution. However, by putting your cash in a money market account while you decide how you want to invest, you run the risk that much.This is why linking the two accounts can be beneficial. Instead of biting your nails while you make your decision, you can simply move your money over, knowing that it is safe (as long as it is $100,000 or less) until you can decide how you want to make your next investment.

Fees are Lower. Another benefit of taking advantage of linking the two accounts is the lower fees. Typically, when working with a money market account, you will have an expense ratio (management expenses) as and transaction fees. So, if you do not know what your money immediately then you can transfer it over to avoid charges, as it normally bound to do no major charges in connection with a current account.

Easy access to your investments. A money market account is already an advantage, because as a current account in the sense that money can be deposited in and easily be dealt with investments. But what is even better if you spend a few, then byTransferring funds to and use your bank check book for this purpose.

There is no doubt that you can take the shortcut from your money market account and checking account to complete. So now the question is, will you?