A money market account is a type of savings account that typically offers higher interest rates than regular savings accounts. These accounts often require a higher minimum balance and may limit the number of withdrawals you can make each month. They invest in short-term, low-risk securities, which helps provide a stable return. Money market accounts are considered a safe place to store cash while earning interest. They are usually insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA), making them a secure option for individuals looking to grow their savings with minimal risk.