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Certificates are an important piece of a solid financial portfolio giving you the opportunity to maximize your money with a higher return within a set term. To better understand how certificates work, take a look at a few terms associated with these accounts.

A money market account (MMA) is attractive as it offers a higher return while providing easy access to your money. While money market accounts come in the form of both a savings or a checking account, they all typically require a minimum balance to open them and falling below the minimum could lead to receiving a lower return, or no return at all.