Is money market better than regular savings?

[Starmix]

The answer is yes, money market is better than regular savings. It is simply because it usually offers a higher interest rate compared to a typical savings account. One can get a debit card to use your savings but it might be limited only and how often you can make a withdrawal. We can also make unlimited deposits with a money market account, as well as unlimited ATM withdrawals. May we know if you have a money market investment?

 

[Magnus2022]

Money market is far better because it have hig interest rate and your fund does not stay idle in the bank. Money market is a type of account that is used especially by entrepreneurs that give them a lot of advantage over ordinary saving

 

[Starmix]

That's right my foreigner bf has money market business and he prefers it than his savings. I have a time deposit, but I withdrew it after one year and transferred it to a mutual fund. The interest of my money in time deposit is small better in a mutual fund.

 

[Enxx]

What is really money market?

 

[Starmix]

What is really money market?

Money market is a component of the economy that provides short-term funds. The Money makes deals in short-term loans, generally for a period of a year or less.

 

[Hate2Wait]

Many people don't go for a credit or debit card as they feel they will spend more but they need to understand and control to control unnecessary spending

 

[Starmix]

That is right, we need to control our expenditures for money is hard to find this time. Life is also hard this time due to the high costs of commodities. Good for those having bu=ig capital for they can apply Money Market business.

 

[Shavkat]

In terms of foreign exchange in kiosks is far higher than in the bank. So I prefer to exchange dollar bills in the black market as we called in my city.

 

[Bisolami]

The answer is yes, money market is better than regular savings. It is simply because it usually offers a higher interest rate compared to a typical savings account. One can get a debit card to use your savings but it might be limited only and how often you can make a withdrawal. We can also make unlimited deposits with a money market account, as well as unlimited ATM withdrawals. May we know if you have a money market investment?

Youee very right and this is why people will continue to choose money market simply because of it's high interest ate

 

[Reedex]

I believe so much in investment than savings because it is a way to increase your money.

 

[Bisolami]

I believe so much in investment than savings because it is a way to increase your money.

I also believe in investment but I always find it hard to believe some investment platforms because of my previous experiences

 

[Suba]

The value of investing in the money market is stable, as well as high liquidity, but we need more capital to buy securities traded on the capital market. So we need to save first before buying securities.

 

[Starmix]

That's true we need to save first before venturing onto money market. It requires big capital, It's good to invest a small investment first before the bigger one.

 

[uptrendfinancialsignal]

Regular savings is good but you need to invest as well.

 

[Bisolami]

Regular savings is good but you need to invest as well.

Savings is good and Investment is good but you need to be very careful of investment

 

[Reedex]

Investment is far better than savings in all ramifications.

 

[Starmix]

In terms of foreign exchange in kiosks is far higher than in the bank. So I prefer to exchange dollar bills in the black market as we called in my city.

How much is the interest for a black market investment? I have heard about black market but it wasn't on my mind what's about that kind.

 

[Shavkat]

How much is the interest for a black market investment? I have heard about black market but it wasn't on my mind what's about that kind.

I am not sure but there are so many people working in the black market. As far as I know, the foreign exchange rate is quite higher as offered from the local banks. It is funny when passing to this area, they are like birds having the same prompts.

 

[Starmix]

@Shavkat, it seems it's not legal from the name alone black market hehe. Do you know the procedures of doing this black market? It sounds interesting because the interest is better than banking and money market.

 

[Shavkat]

@Shavkat, it seems it's not legal from the name alone black market hehe. Do you know the procedures of doing this black market? It sounds interesting because the interest is better than banking and money market.

It has been many years that these people are doing so. Since I was a child, I can see how they transact but no idea the real thing when it comes to having the high rates. It was a sad thing that my granny sold her stall in the public market. If it is still existing, I would be able to know more about it.