The history of money market can be traced back to the early days of banking. Money market is a financial market where short-term debt instruments such as certificates of deposit and commercial paper are traded. The money market is used by banks to finance their long-term assets.
The history of Savings Accounts is long and varied. The first Savings Accounts were created in ancient Rome, where citizens would store their money in a designated account to save for future needs. In the 1700s, Savings Accounts began to be offered by banks in Europe and the United States. These accounts allowed customers to save money and earn interest on their deposits. The popularity of Savings Accounts grew in the early 1900s, when banks began to offer special promotions and bonuses to encourage customers to save. Today, Savings Accounts are a popular way for people to save money for short-term and long-term needs.
The winner is a Money Market account because it offers a higher interest rate.