As an alternative to savings accounts, the money market account has been established since its introduction in 1994 already. With high Zinstzen three to four percent per annum and more providers, customers are always trying to mop up. For which the interest rates are significantly different in part responsible mainly the following reasons: First, banks may change the interest rate at any time and thus adapt to the market situation. Therefore, some banks offer for promotional purposes Scams that offer over a period of exceptionally high interest rates. After pegelt the interest rate to a normal one. A second reason is the different level of investment amounts. Some services determines the amount of investment the interest rate. Thus, some get a higher interest rate only from a certain plant height, the so-called interest-rate steps, or only up to a certain amount of money. Everything what is underneath, will be priced substantially lower. The gradations are very different depending on the bank, which is why in each case depending on the various offers overnight just by comparing the amount investedshould. Another special feature of money market accounts is that you must specify a reference account. All transactions, ie payments and transfers will take a stop on this reference account. The reference account can be a normal account with the bank, such as a checking account. Direct payments to companies or individuals are not possible with the money market account. In addition to ordinary banks have the most direct banks in which the money market accounts are offered not have its own branch network. The contact with the customer takes place via telephone, fax or Internet. That is why the sometimes used term phone account. Nevertheless is a money market account as investment option for smaller amounts, since the deposits are remunerated in comparison to the savings account is much higher. In addition, money market accounts in most cases are completely free and you receive according to Bank, either monthly or quarterly account statement. Designed to create accounts at most banks is fairly simple: Call, send forms to fill out, thenso go to the nearest post office, and there deliver identity verification in order to present the identity card. The account can then be conducted via telephone or Internet. Despite a few small concessions, like the different levels of interest rates or the varying comfort of use of banks is summed up clearly: Who wants to make good interest while remaining always fluid, be well served overnight. Why you should compare for example the Internet, to filter out the best individual money market account from the set of bids.