Money Market Account

Money Market Account,

What is Money Market Account?

A simple definition of Money Market Account is: A money market account is an interest earning account in a bank or credit union, not to be confused with money market mutual funds. Money Market Account (MMA) is sometimes called Money Market Deposit Account (MMDA) and has some features that are not found in other types of accounts. Most money market accounts pay higher interest rates than savings accounts and are generally allowed to sign checks and debit cards. They are also subject to restrictions that make them less flexible than regular checking accounts. They are important for the value of net material value.

  • Banks and credit unions offer money market accounts.
  • They usually pay higher interest rates than a savings account and usually come with limited permission to write debit cards and checks.
  • Many banks also offer high interest or high interest check accounts, which can pay much higher interest than a money market account, but are more restrictive.

Money Market Account definition is: High yield savings accounts that typically require larger openings and monthly balances than traditional savings accounts. Many cash accounts allow access via debit card and check.

Literal Meanings of Money Market Account

Money:

Meanings of Money:
  1. Coins and banknotes, a means of exchange nowadays in the form of coins and banknotes.

Synonyms of Money

cash, hard cash, ready money

Market:

Meanings of Market:
  1. Advertise or advertise (something)

  2. Regular meetings of people to buy and sell food, livestock and other products.

  3. The area or environment in which business transactions take place.

Sentences of Market
  1. This product is marketed under the name "Aspirin".

  2. Farmers go to the market

  3. Labor market

Synonyms of Market

merchandise, hawk, sell, vend, put up for sale, offer for sale, retail, peddle, trade

Account:

Meanings of Account:
  1. Records or reports of income related to financial expenses and a specific period or purpose.

  2. An arrangement under which an organization retains funds from a customer or provides goods or services to a customer on credit.

  3. An agreement that gives a user personal access to a computer, website or application, usually by entering a username and password.

Sentences of Account
  1. Your visit cannot be considered successful.

  2. The general ledger accounts for all income and expenses

  3. He doesn't care about money

Synonyms of Account

narrative, news, seriousness, portrayal, version, take for, see as, prominence, recital, financial record, consider, rendition, ledger, reckon, weight, gauge, communiqué, significance, substance, rate, hold to be, description, note, think of as, explanation, gravity, consequence, tale

Money Market Account,

Money Market Account Meanings:

Money Market Account can be defined as, A money market account is an account of interest with a bank or credit union that should not be considered a joint money market investment. Money Market Account (MMA) is sometimes also called Money Market Deposit Account (MMDA) and some of its functions are not found in other types of accounts. Most money market accounts pay higher interest rates than regular PBook savings accounts and usually include checks and bank card privileges. They also come with limitations that make them less flexible than regular checking accounts. They are important for calculating net worth.

  • Banks and credit unions offer money market accounts.
  • They usually pay higher interest rates than regular savings accounts and usually come with credit card and limited check writing rights.
  • Many banks also offer high interest or high interest checking accounts, which can pay better interest than money market accounts, but are more limited.

High yielding savings accounts that usually require large monthly balances and openings from regular savings accounts. Many money market accounts allow access to credit cards and checks.

Literal Meanings of Money Market Account

Money:

Meanings of Money:
  1. The common medium of exchange is coins and paper money, as well as coins and paper money.

Synonyms of Money

jack, greenbacks, silver, the necessary, coinage, currency, l.s.d., copper, the means, change, brass, coin, tin, bread, rhino, finances, wonga, gelt, oof, ackers, specie, green, mazuma, coins, the ready

Market:

Meanings of Market:
  1. Regular meetings of people to buy and sell goods, livestock and other products.

  2. Advertise or promote (something).

Synonyms of Market

promote, advertise

Account:

Meanings of Account:
  1. Description of an account or an event or experience.

  2. Financial records or income and expenditure reports for a specific period or purpose.

  3. Agreements in which an organization withholds funds from customers or provides goods or services to customers on credit.

  4. An agreement that gives users personal access to a computer, website or application, usually by entering a username and password.

  5. Consider or consider in a particular way.

Sentences of Account
  1. Detailed report on what was achieved

  2. In order to report accurately, the trustee must not combine trust assets with other properties.

Synonyms of Account

statement, minute, log, narration, view as, bank account, register, impression, look on as, moment, story, regard as, relation, results, diary, view, momentousness, memoir, financial statement, current account, journal, balance sheet, proceeding, annal, review, archive, report, sketch, adjudge

Money Market Account,

Money Market Account: What is the Meaning of Money Market Account?

  1. A money market account is an interest-bearing account with a bank or credit union that should not be considered an investment in the common currency market. Money Market Account (MMA) is sometimes called Money Market Deposit Account (MMDA) and has some functions that are not found in other types of accounts. Most money market accounts pay higher interest rates than PBook savings accounts and usually include checks and bank card concessions. They also come with limitations that make them less flexible than regular checking accounts. They are important for calculating net worth.

    • Banks and credit unions offer money market accounts.
    • They typically pay higher interest rates than regular savings accounts and often come with credit cards and limited checkwriting rights.
    • Many banks also offer high-interest or high-interest checking accounts, which can pay better interest than money market accounts, but are more limited.

  2. High yielding savings accounts that usually require larger monthly balances and openings than regular savings accounts. Many money market accounts allow access to credit cards and checks.

Literal Meanings of Money Market Account

Money:

Meanings of Money:
  1. The common medium of exchange takes the form of coins and paper money as well as coins and paper money.

Synonyms of Money

loot, boodle, shinplasters, funds, dough, sterling, kale, stuff, Oscar, capital, ducats, dibs, lolly, splosh, wad, the wherewithal, folding money, rocks, simoleons, (filthy) lucre, pelf, gravy, dosh, notes

Market:

Sentences of Market
  1. The UK market continues to decline.

  2. The product is marketed under the name "Aspirin".

Account:

Meanings of Account:
  1. Description of an account or event or experience.

  2. Records or reports of financial income and expenses for a particular period or purpose.

  3. Prepare or submit files for cash accounts given or received.

Sentences of Account
  1. Detailed report of what was obtained

  2. For accurate reporting, the trustee should not combine fiduciary assets with other assets.

Synonyms of Account

interest, rehearsal, mark, weightiness, chronicle, vlog, transaction, blog, delineation, moblog, weblog, interpret as, deposit account, value, history, transcript, concern, interpretation, savings account, book, sitrep, importance, exposition, import, deem