A money market account combines deposit accounts with a brokerage account, provides a single consolidated statement, and "sweeps" the unused balance from the checking account to a savings account daily.

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A money market account is a type of savings account offered by banks and credit unions that typically offers higher interest rates than regular savings accounts, but it does not combine deposit accounts with a brokerage account or provide a single consolidated statement. The "sweep" feature is associated with some types of brokerage or cash management accounts, not standard money market accounts.

A Money Market Account Combines Deposit Accounts with a Brokerage