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Money Market Deposit Account

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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as a checking or savings account, that pays a certain (low) interest rate to the holder and from which funds may be withdrawn on demand.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.
money market deposit account
A savings account at a commercial bank or thrift institution that pays a return competitive with money market funds. The number of transactions that may take place each month is limited. Institutions offering the accounts may require a minimum balance in order to receive money market yields. Because of their liquidity and adequate returns, these accounts are ideal temporary repositories for funds awaiting more permanent investment.
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Money market deposit accounts are similar to a savings account in that you open them through banks and credit unions, and that they are insured by the Federal Deposit Insurance Corporation (FDIC).
Money Doesn't Grow on Trees but You Can Make Money Grow Faster with ... by Lynn Stewart / Finance and Investment community
Sure, your local community bank might offer half a percentage point less on a money market deposit account than you could find online: that's $50 a year (before tax) for every $10,000 you keep there.
Small is beautiful; why community banks are suddenly a big hit with ... by Korn, Donald Jay; Simons, John / Black Enterprise
1 (1) Savings deposits including money market deposit accounts (MMDAs).
Components of money stock by Economic Indicators
 
 
 
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