A money market account is similar to a savings account. However, it typically requires a higher balance and offers a higher interest rate. Some accounts also allow check writing from the account, so it is considered a liquid asset.
An online money market account is basically putting your bank account online that is invested specifically for market. It would typically have higher interest rates for your savings that a typical...
If you have a bank or company you are working with, go to their site and they will explain in detail how it works with them. If not, you can read more about money market accounts on How Stuff Works....
The best thing you can do is take recommendations from people who have used an online account. Make sure to check out the site itself, and read any smallprint. Do not ever give out all of your bank...
Money market accounts are similar to savings accounts offered by banks and other financial institutions, but which generally require a higher level of deposit - for which the banks pay higher rates...
"Money Market" units are securities which can only ever appreciate in quantity (their value is always exactly $1 per unit). So holding money market units (I forget the precise term, sorry) is like...