Money-market accounts are savings accounts, but they usually pay slightly higher rates as long as you maintain a certain balance. In this case, it's $1,000. In order to qualify for a higher interest rate, you must make at least two bill payments that total at least $25; make one direct deposit; or have five signature-based debit card purchases. Balances up to $100,000 are FDIC-insured. You're required to have a linked checking account.