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as a checking or savings account, that pays a certain (low) interest rate to the holder and from which funds may be withdrawn on demand.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.
Some obvious omissions from Rothbard's definition are demand deposits held by foreign official institutions and foreign commercial banks, and money market deposit accounts (MMDAs), although to be fair, MMDAs were not widely prevalent at the time he penned his article.
In one example of a pricing study, Jackson (1992) analyzed whether local market interest rates on bank money market deposit accounts (MMDA), NOW (accounts with transaction features) accounts, and CDs respond to movements in interest rates on nationally-traded instruments (Treasury bills).
Many commercial banks, savings and loans, and mutual savings banks offer "money market deposit accounts." The interest rate paid on these accounts is normally less than that paid by money market mutual funds.
M2: M1 + Savings deposits, including MMDAs (money market deposit accounts) + Small-denomination time deposits + Retail money market mutual funds M3: M2 + Institutional MMMFs (money market mutual funds) + Large-denomination time deposits + Repurchase agreements + Eurodollars MZM (Money zero maturity): M2 - Small-denomination time deposits + Institutional MMMFs Note: The basic framework for these definitions was adopted in 1980.
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 21.2 percent.
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.
As expected, the yields on transactions accounts (interest checking and money market deposit accounts) are, on average, lower than those on time deposits (certificates of deposit).
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.
Core deposits, including savings, interest bearing and non-interest bearing checking, and money market deposit accounts increased $2.5 million to $109.2 million at March 31, 2016 from $106.7 million at December 31, 2015, and certificates and other time deposits decreased $3.0 million to $105.5 million from $108.6 million at these dates.
It offers various deposit products, such as demand deposits, money management and money market deposit accounts, time deposits, and savings accounts.