Money Market Demand Account

(redirected from Money Market Deposit 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as a checking or savings account, that pays a certain (low) interest rate to the holder and from which funds may be withdrawn on demand.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 ?
In addition to excess, non-operating accounts include short-term time deposits with a maturity of 30 days or less and accounts with transaction limitations, such as money market deposit accounts.
Wall Street offers an abundance of investment products that look almost as safe as the money market deposit accounts offered at the local bank.
Other liquidity options include money market deposit accounts, jumbo CDs, money market mutual funds and fixed-income securities.
Money market deposit accounts are liquid and safe, so you might want to consider them for your cash reserves now.
Banks are currently required to set aside seven percent of their money market deposit accounts.
Investments in interest-earning savings accounts or money market deposit accounts (MMDA) issued by qualifying institutions are insured by the Federal Deposit Insurance Corp.
1) Savings deposits including money market deposit accounts (MMDAs).
Furthermore, the Garn-St Germain Depository Institutions Act of 1982 authorized money market deposit accounts (MMDAs), interest-bearing savings accounts that can be used for transactions with some restrictions.
MBNA also offers ACTE members special yields on MBNA America Certificate of Deposit and Money Market Deposit Accounts.
The share of families with a transaction account--checking, savings, and money market deposit accounts, money market mutual funds and call accounts at brokerages--rose only slightly during the 1998-2001 period, but the median holdings in these accounts rose 21.
The extremely risk-averse can consider government-backed investments such as savings bonds, treasuries and municipal bonds, or certificates of deposit, money market deposit accounts, credit union accounts and fixed annuities.
In addition to the loans offered on the site, PNC Bank will offer certificates of deposit, money market deposit accounts, small-business banking products, calculators and articles with informative consumer tips on saving and borrowing.