A money market account is a type of savings account that typically offers higher interest rates than regular savings accounts. These accounts are often offered by banks and credit unions and may require a higher minimum balance to open. They provide a safe place to save money while earning interest, making them a popular choice for individuals looking to grow their savings. In addition to earning interest, money market accounts usually allow limited check-writing and debit card access, providing some liquidity. However, they may have restrictions on the number of transactions you can make each month, making them less flexible than checking accounts.