When to choose Money Market Account over a Savings Account?

If your financial institution pays better or the same rate on its standard savings account as a Money Market Account, and your goal is to park your funds and watch your balance grow, it might be worth sticking with the Savings Account. But if the Money Market’s rate is higher than the savings account, or you need to make an occasional purchase from the account, and you can meet any minimum balance requirement, it could be a good idea to open a Money Market Account.