Fact checked by Suzanne Kvilhaug Reviewed by Khadija Khartit A money market account (MMA) is a type of bank or credit union savings account with some features not found in regular savings accounts. The best money market accounts pay a higher interest rate than regular savings accounts and include check-writing and debit card privileges.

With less than two months to the end of 2024, the S&P 500 is up nearly 26% through Nov. 7. If this holds up, it will be the fifth year in the past decade in which the index delivered an annual return of 20.