Money Market Demand Account


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Money Market Demand Account (M.M.D.A.)

An account that pays interest based on short-term interest rates. Same as a Money Market Deposit Account

Money Market Demand Account

An account, such as a checking or savings account, that pays a certain (low) interest rate to the holder and from which funds may be withdrawn on demand. Money market demand accounts are included in most counts of money supply.
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Through call center and Web servicing capabilities, ING DIRECT USA markets a money market demand account with attractive, high-yielding rates, an innovative line of credit product and competitively priced certificates of deposit (CDs).
68% Money market demand accounts $628,712 $5,832 3.
Based on the negative correlation between small time deposits and liquid bank deposits, CE believe it is likely that funds moved into liquid liabilities such as demand deposits, other checkable deposits (OCDs), savings deposits and money market demand accounts (MMDAs).