Money market accounts are a popular choice among those who are looking to save money without taking any risk. From local financial institutions to online banks, opening one of these accounts has never been easier.

Before you decide to open a money market account, it would be in your best interest to learn more about the benefits. Here are three you cannot afford to overlook:

1. Interest rate. Generally speaking, the interest rate associated with a money market account will be higher than a traditional savings account. Savings rates remain low, however, you always want to put your money in the type of account that will earn you the most interest.

2. FDIC Insurance. Money market accounts are almost always FDIC insured. Of course, this is something you should verify before choosing a bank and making a deposit. Furthermore, make sure you know the maximum amount that can be insured.

3. Some offer the ability to write checks and use a debit card. While not the case with every money market account, some will provide the ability to write checks and use a debit card to access your funds. Many people don’t care about this, as they use this account solely for saving. That said, there are those who consider this a big benefit.

These three benefits may or may not be enough for you to consider opening a money market account. If you are on the fence, contact a local or online back for more information. Once you have all the details lined up in front of you, it will not be long before you are making the best decision for you and your money.