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Money Market Demand Account
(redirected from Money-Market Deposit Accounts)

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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as a checking or savings account, that pays a certain (low) interest rate to the holder and from which funds may be withdrawn on demand.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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FDIC only covers deposit accounts at banks, such as certificates of deposit, money-market deposit accounts, savings accounts and checking accounts.
Ensure Your Accounts Are Safe by Kiplinger Washington Editors / Kiplinger.com
5 trillion in traditional savings accounts and money-market deposit accounts, which pay on average less than 2 percent annually.
BANK RATES LESS LUCRATIVE THAN SAVINGS ALTERNATIVES, GROUPS SAY by Daily News (Los Angeles, CA)
Most of the stock money has come from money-market mutual funds and money-market deposit accounts at banks, which now account for 40 percent of IRA assets, down from 46 percent in 1992.
MONEY SMALL INVESTOR INDEX: AMERICANS SLASH CONTRIBUTIONS TO IRAS by PR Newswire
 
 
 
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