How High-Yield Savings Accounts and Money Markets Compare for Savers

MMAs and HYSAs track the same Treasury-driven yields, but the real differentiator is whether you need to write checks directly from the account.

Only 46% of adults have three months of emergency expenses saved, and a HYSA's required transfer step helps keep that fund untouched.

Promotional rates and tiered yields mean the advertised number may not reflect what your balance actually earns six months after opening.

A high-yield savings account (HYSA) is the close cousin of a money market account (MMA). They are both federally insured deposit accounts available through banks or credit unions, paying significantly higher interest than regular checking or savings accounts. The differences lie in how you access the money and how the interest rate is structured. I've spent my career studying personal finance and helping readers choose the best credit cards, mortgages, and high-yield savings accounts. I've even led a dedicated team whose entire job was to rank those accounts for our users. So, although HYSAs and MMAs may be similar, there are some distinct differences you should know before deciding where to deposit your money.

MMAs are deposit accounts with variable interest rates tha

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/currencies/articles/high-yield-savings-accounts-money-181525011.html)