Many People Invest In Fixed Rate Money Market Accounts
When asking the question, what is a money market index, most people are really refering to investing their money in some kind of money market instrument. This is a very conservative type of investment and is very popular for short term investing as well as for people who have a low tolerance for speculation. Many of the money market type of investments are protected by a guarantee fixed rate. Your money will grow at a fixed rate and be guaranteed with usually a fixed rate of return. It is very similar to investing in a band certificate of deposit or some fixed rate band fund. You can investigate who is offereing the best money market rates for your investment.