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A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets. [1] The interest rates paid are generally higher than those of savings accounts and transaction accounts; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest.
A money market account is a type of interest-bearing account that combines the strong rates of a high-yield savings account with the features of a checking account. MMAs offer rates of 4.5% APY or ...
Money market accounts combine the features of checking and savings accounts, but they place additional restrictions on your money, which limits their usefulness as checking account replacements ...
A money market account is an interest-bearing account you can open at banks and credit unions. Like a savings account, they are a type of deposit account for savers, But a major difference between ...
What Is a Money Market Account? Money market accounts are deposit accounts offered by financial institutions, banks or credit unions that typically earn a higher interest rate than a traditional ...
The money market is a component of the economy that provides short-term funds. The money market deals in short-term loans, generally for a period of a year or less. As short-term securities became a commodity, the money market became a component of the financial market for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less.
A money market account that earns a high yield and provides easy access to your cash can be a good place to set aside money for an emergency fund or your next big planned expense.
A money market account is an interest-bearing account that combines some of the same features of a checking account and a savings account. Money market accounts commonly allow you to pay bills ...
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