A major difference between these two accounts is that there is a limit on the number of withdrawals in a month in this account. These accounts are mostly managed and handles by the banks but there are brokers also who manage these accounts. The money market account is very safe. A few transactions are allowed in a month in this account. The banks do not encourage the customers to cross the limits that are set for them.

The bank imposes high fees on these accounts when the find the account holder to cross the limits that is set for withdrawals and for transactions. Many a times it can also happen the bank takes the extreme measure to close the money market deposit account.

The banks use this system so that it is in their hands to limit the number of transactions done by the customers. When the bank can limit the withdrawals they are in a better position to invest the money properly and in an appropriate way and in this way they can ensure a higher rate of return in these accounts. The bank pays a higher rate of interest on these accounts than savings account and unless they limit the withdrawals and the transactions in this account they will not be able to invest it properly and get a higher rate of return.  

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