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as a checking or savings account, that pays a certain (low) interest rate to the holder and from which funds may be withdrawn on demand.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.
References in periodicals archive ?
Moving a bit up the risk spectrum are money market deposit accounts (MMDAs) offered by the local bank.
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).
However, money market deposit accounts are convenient because they can be obtained at the same location where the investor banks and is known.
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.
While the relation between money definition M1 (currency + traveler's checks + demand deposits + other checkable accounts) and the rate of growth of nominal output has deteriorated in recent years, the authors think that M2 (M1 + overnight repurchase agreements + overnight Eurodollar accounts + money market funds + money market deposit accounts + savings deposits + small time deposits), still tracks the economy fairly well.
Deposits have shifted to checking and money market deposit accounts at financial institutions from traditional stable sources of retail CDs and Jumbo CDs.