This description provides information on investing in a money market account. A money market account is a type of savings account that typically offers a higher rate of return than a traditional savings account. This type of account is FDIC insured, meaning your money is protected up to the maximum amount allowed by the
From Wikipedia
A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets. The interest rates paid are generally higher than those of savings accounts and transaction accounts; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest.