Money Market Demand Account

(redirected from Money Market Demand Accounts)

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as a checking or savings account, that pays a certain (low) interest rate to the holder and from which funds may be withdrawn on demand.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.
References in periodicals archive ?
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).
The increase in deposits was principally in core deposits of demand deposits, NOW, savings and money market demand accounts.