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
Meanings of Money:
Coins and banknotes, a means of exchange nowadays in the form of coins and banknotes.
Synonyms of Money
cash, hard cash, ready money
Meanings of Market:
Advertise or advertise (something)
Regular meetings of people to buy and sell food, livestock and other products.
The area or environment in which business transactions take place.
Sentences of Market
This product is marketed under the name "Aspirin".
Farmers go to the market
Synonyms of Market
merchandise, hawk, sell, vend, put up for sale, offer for sale, retail, peddle, trade
Meanings of Account:
Records or reports of income related to financial expenses and a specific period or purpose.
An arrangement under which an organization retains funds from a customer or provides goods or services to a customer on credit.
An agreement that gives a user personal access to a computer, website or application, usually by entering a username and password.
Sentences of Account
Your visit cannot be considered successful.
The general ledger accounts for all income and expenses
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