What’s the difference between a share certificate and a money market account?

There are two primary differences between a share certificate and a money market: accessibility and earnings. A share certificate doesn’t allow access to your deposited funds during the certificate’s set term (and you might pay a penalty for early withdrawal). A money market, on the other hand, offers greater liquidity and accessibility to your deposited funds. When it comes to interest rates, a share certificate offers a fixed rate based on a set term, regardless of the certificate amount. A money market provides tiered interest based on balance rather than term—the more you deposit, the more you earn.