What are Money Market Accounts?
A money market account or MMA is a bank account which pays interest based on the current interest rates in the money markets.
The benefits of a money market account is that they normally pay a higher interest rate in return for a higher minimum balance and restrictions on the number of transactions per month.
Money market accounts are sometimes referred to as a money market deposit account or a money market demand account (MMDA).
For further money market deposit account information see the Wikipedia definition.
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