Money Market Demand Account

(redirected from Money-Market Deposit Account)

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as a checking or savings account, that pays a certain (low) interest rate to the holder and from which funds may be withdrawn on demand.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 ?
com, the average money-market deposit account yields just 0.
Cash in excess of a client's target balance is invested in an FDIC*- insured money-market deposit account, providing a competitive rate of interest.
CDs normally pay a higher rate than money-market deposit accounts because depositors are asked to lock up their money longer, thereby accepting greater risk.
5 trillion in traditional savings accounts and money-market deposit accounts, which pay on average less than 2 percent annually.
The more conservative investment vehicles are usually associated with banks, like passbook savings accounts, CDs and money-market deposit accounts.