What's the difference between a money market account and a plain savings account?

Question

I don't see many differences except maybe a little extra interest. What about you?

Answer 1

Money market account:
higher return
theoretically: more risk
the manager is investing in commercial "paper", but there is seldom a default or problem.
the account is not insured by the government (assuming that you are dealing with a mutual fund or broker).

Savings
currently the rates on savings are LOW.
the money is insured by the FDIC in a bank or the another agency if in a credit union.
I associate savings with local banks, and its very quick and easy to get my money out of a local bank.
ATM card access may be available.