The interest rate earned on a money market deposit account is generally higher than the interest earned on a Bank savings account.

Name: The interest rate earned on a money market deposit account is generally higher than the interest earned on a Bank savings account.
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Money market deposit accounts typically offer higher interest rates than traditional savings accounts due to the higher minimum balance required and the ability for the bank to invest the funds in higher-yielding short-term securities.

The Interest Rate Earned on a Money Market Deposit Account