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According to Investopedia, a money market account is a savings account exclusively. This means it is not meant to be highly...
According to Investopedia, a money market account is a savings account exclusively. This means it is not meant to be highly active unless the holder of this account is depositing money. Otherwise, the bank or financial institution imposes limitations on how many withdrawals the holder of an account can make each month from a money market account. If a client involved in money markets makes more withdrawals than the five or six permitted per account, the institution will impose charges. It is also necessary for the client to have a minimum amount in her...
Money market accounts (MMA) are bank deposit accounts and similar to savings account in some respects. Like regular savings...
Money market accounts (MMA) are bank deposit accounts and similar to savings account in some respects. Like regular savings accounts, MMAs are insured by the FDIC and may limit the number of withdrawals from the account each month. Unlike regular savings accounts, money market accounts pay a higher rate of return and often require a specified amount of money to open a MMA. Banks, in turn, lend the money deposited in these accounts to customers at a slightly higher rate than the amount of interest being paid to the money market accounts. One of the most...
Money market rates, also termed money market mutual fund rates, are a measure of the return received on an investment placed...
Money market rates, also termed money market mutual fund rates, are a measure of the return received on an investment placed in money market funds. Money market funds are attractive for short term investing because money market funds are very liquid, the commodity being money itself. The Securities and Exchange Commission requires that the securities be diversified, short maturing, and high credit fixed income debt instruments. The Federal Deposit Insurance Corporation, or FDIC, protects money held by bank money market accounts, whereas even the best...