Money Market Account
Money Market accounts are deposit accounts that have monthly limited withdrawals, but offer a higher rate of return with no time frame for maturity and no early withdrawal penalties. You earn better rates than a savings account as long as you meet the minimum balance requirement of $2500 and limit withdrawals to three times per month.
If you withdraw over three times in one month, a fee of $5.00 per withdrawal applies.
Dividends on Money Market are compounded monthly and paid monthly.