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as a checking or savings account, that pays a certain (low) interest rate to the holder and from which funds may be withdrawn on demand.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.
It authorized the creation of money market deposit accounts (MMDAs) to compete with MMMFs.
Money market deposit accounts offer some degree of access to your money and a higher rate of return than savings accounts.
Deposits have shifted to checking and money market deposit accounts at financial institutions from traditional stable sources of retail CDs and Jumbo CDs.
Money supply includes: currency, checking accounts, savings, money market deposit accounts, retail CDs, jumbo CDs, IRA and Keogh deposits, retail & institutional money market mutual funds.
In the early 1980s, the Congress decided to deregulate interest rates on all household deposits and to allow money market deposit accounts for businesses.
It offers certificates of deposit, money market deposit accounts and other consumer financial products and services.
FDIC insurance covers deposits up to insured limits at FDIC-insured banks, including deposits in checking and savings accounts, money market deposit accounts, and certificates of deposit (CDs).
Even on negotiable order of withdrawal accounts, savings deposits, and money market deposit accounts, to which inflows have strengthened, returns on the larger accounts-- likely involving the most interest-sensitive depositors-have dropped much faster than have the most common rates paid.
Discover Bank offers certificates of deposit, money market deposit accounts and other consumer financial products and services.
The FDIC insures all deposits at insured banks, including checking, NOW and savings accounts, money market deposit accounts, and certificates of deposit (CDs) up to the FDIC's insurance limit of $250,000 per depositor per bank (or $250,000 per deposit co- owner for joint accounts).
During the 1980s, legislation allowed savings institutions to enter the consumer credit market and allowed depository institutions to compete with money market mutual funds by offering money market deposit accounts.