Money Market Account

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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Last modified March 23rd, 2016 by Team

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