money market deposits definition
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Money market account For the type of mutual fund, see Money market fund. A money market account (MMA) or money market deposit account (MMDA) is a non-financial account that pays interest based on current interest rates in the money markets.
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How do money market accounts work? With bank accounts, the money in a money market account is insured by the Federal Deposit Insurance Corporation (FDIC), which means that even if the bank or credit union goes out of business, your money will still be there.ith credit unions, the money in a money market account is insured by the National Credit Union Administration (NCUA), a federal agency.
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money supply money supply n. The amount of money in the economy. Measures of money supply usually include cash in circulation and current account deposits in banks, but may also include savings deposits or time-restricted deposits. money supply n (Economics) the total amount of money in a country's economy at a given time.
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How Does a Money Market Account (MMA) Work? A Money Market Account (MMA) is a type of savings account that usually earns a higher amount of interest than a basic savings account. The minimum deposit and balance for this account is often considerably higher than the minimum balance of a basic savings account. They can range from $500-$50,000. What Happens When I Deposit Money Into A Money Market Account? When you deposit money into your Money Market Account, it earns interest just like a regular savings account. That interest is the bank's way of thanking you for letting them use your money. Banks then take that money and make other investments or loans. How Does Interest Work With an MMA? The interest on a Money Market Savings Account is usually compounded on a daily or monthly basis and paid on a monthly or quarterly basis.
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- A money market account is a savings account that allows a limited number of checks to be drawn from the account each month. Find out how they differ from a regular savings accounts. This ‘MMA’ comes without punches, and higher interest than other bank accounts.
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How do money market accounts work? Banking Image Gallery When you put your money into a money market savings account it earns interest just like in a regular savings account. See more banking pictures.ith credit unions, the money in a money market account is insured by the National Credit Union Administration (NCUA), a federal agency.
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What is a 'Call Deposit Account' Call Deposit Account. What is a 'Call Deposit Account'. A call deposit account is a bank account for investment funds that offers the advantages of both a savings and a checking account. Like a checking account, a call deposit account has no fixed deposit period, provides instant access to funds and allows unlimited withdrawals and deposits.
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What is a money market account? A money market account is a special type of savings account offered by banks and credit unions. Money market accounts are sometimes called money market deposit accounts or money market savings accounts.ike a regular savings account, a money market account at a bank is insured by the Federal Deposit Insurance Corporation (FDIC), while one at a credit union is insured by the National Credit Union Administration (NCUA).
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How do money market accounts work? A money market account is a type of savings account offered by banks and credit unions just like regular savings accounts.The difference is that they usually pay higher interest, have higher minimum balance requirements (sometimes $1000-$­2500), and only allow three to six withdrawals per month.anking Image Gallery When you put your money into a money market savings account it earns interest just like in a regular savings account. See more banking pictures.
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What are 'Bank Deposits' What are 'Bank Deposits'. Bank deposits consist of money placed into banking institutions for safekeeping. These deposits are made to deposit accounts such as savings accounts, checking accounts and money market accounts. The account holder has the right to withdraw deposited funds, as set forth in the terms and conditions governing the account agreement. Next Up. Call Deposit Account. Deposit.
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Definition of Money Market Redemption Redeeming Money Market Funds. A money market redemption is the act of converting money market fund shares to cash. The redemption of money market funds from your brokerage account or bank is generally both quick and easy, and it can be done over the internet or by phone.Investors purchase and redeem money market shares at the full net asset value every day.he redemption of money market funds from your brokerage account or bank is generally both quick and easy, and it can be done over the internet or by phone. Investors purchase and redeem money market shares at the full net asset value every day.
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What is 'M2' A measure of money supply that includes cash and checking deposits (M1) as well as near money. “Near money in M2 includes savings deposits, money market mutual funds and other time deposits, which are less liquid and not as suitable as exchange mediums but can be quickly converted into cash or checking deposits.Next Up.1 and M2 are closely related, and economists like to include the more broadly defined definition for M2 when discussing the money supply, because modern economies often involve transfers between different account types. For example, a business may transfer $10,000 from a money market account to its checking account.
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- A Money Market Account is a type of savings account that usually earns a higher amount of interest than a basic savings account. The minimum balance for this account is often considerably higher than the minimum balance of a basic savings account. They can range from $500-$50,000.
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- Money Market Account. Before internet banks, the money market account typically offered the best yields for liquid bank accounts. These were typically tiered-rate accounts that offered the best yields for large balances. A monthly service fee was also common unless you maintained a minimum balance.
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Commercial Deposit Services Commercial Deposit Services. Collection of ACH Funds (Automated Clearing House) Create electronic transfers to collect funds from other companies or individuals on a one-off basis or through scheduled recurrences from your clients electronically by originating ACH through First IB, crediting your account.
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How do money market accounts work? A money market account is a type of savings account offered by banks and credit unions just like regular savings accounts. The difference is that they usually pay higher interest, have higher minimum balance requirements (sometimes $1000-$­2500), and only allow three to six withdrawals per month.
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What's a money-market fund? Ultimate guide to retirement. A money-market fund invests in cash equivalents - typically super-short-term loans to creditworthy corporate or government borrowers. People often invest the cash portion of their retirement portfolio, if any, in money-market funds. (Other cash investments include certificates of deposit and bank savings accounts.) Though money-market funds are very safe, their long-term returns are lower than those for bonds, and much lower than those for stocks.
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What are 'Bank Deposits' Bank deposits are money placed into a deposit accounts at a banking institution, such as savings accounts, checking accounts and money market accounts. Bank deposits are money placed into a deposit accounts at a banking institution, such as savings accounts, checking accounts and money market accounts.
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What is a 'Money Market Account' An interest-bearing account that typically pays a higher interest rate than a savings account, and which provides the account holder with limited check-writing ability. A money market account thus offers the account holder benefits typical of both savings and checking accounts.This type of account is likely to require a higher balance than a savings account, and is FDIC insured.his restriction makes them less liquid than a checking account, but more liquid than bonds. Similar to the interest earned on checking and savings accounts, the interest earned on a money market account is taxable.
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What is a money market account? A money market account is a special type of savings account offered by banks and credit unions. Money market accounts are sometimes called money market deposit accounts or money market savings accounts. money market account is different from a money market mutual fund, or a money market fund. Money market funds are offered by investment companies and others.
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Money market fund Money market fund. This article is about the type of mutual fund. For the type of bank deposit account, see Money market account. A money market fund (also called a money market mutual fund) is an open-ended mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper.
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Finding the Best Money Market Account Rates By most measures, a money market account is very similar to an ordinary savings account: It’s a savings vehicle designed to build wealth in virtually the safest manner possible.
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money market deposit account money market account. A savings account which shares some of the characteristics of a money market fund. Like other savings accounts, money market accounts are insured by the Federal government. Money market accounts offer many of the same services as checking accounts although transactions may be somewhat more limited.
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- Program Banks in which the deposits are held, and a. money market fund investment earns dividends on. fund shares held in your brokerage account. The. interest earned on your Liquid Insured Deposits may. fluctuate and may be greater or less than the then. current yield on a money market fund investment.
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- Similar to the interest earned on checking and savings accounts, the interest earned on a money market account is taxable. Account holders do not have to buy shares in a money market account, as interest earned on deposits is similar to interest earned on checking and savings accounts.anks issuing money market accounts take a low-risk approach when investing deposits, investing in certificates of deposit, government securities, and commercial paper. Investors looking to purchase shares in a savings-like account can do so through a money market mutual fund, which typically has a share price of $1.