A savings account which shares some of the characteristics of a money market...
A type of bank account which earns an interest rate comparable to that obtained in the money market. Banks normally require minimum account balances to be maintained and impose minimum withdrawal conditions on this type of account.
An account that invests in commercial paper, banker’s acceptances, repurchase agreements, government securities, certificates of deposit, and other liquid assets that pay money market rates of interest. The net asset value of a money market fund remains at $1 per share, with only the interest rate going up and down.
A Money Market Account is a secondary savings account that compounds dividends daily and pays on a monthly basis. Funds are not directly accessible through an ATM, but are accessible by any other transaction method available to the member, electronic or check. Money Market Accounts are regulated under federal Reg D restrictions which limit these accounts to 6 transactions per month, 3 electronic and 3 check.
A Money Market account is a type of savings account that generally provides a higher dividend rate than standard savings accounts, while allowing check access (subject to Regulation D). Money Market accounts are insured by the National Credit Union Administration (NCUA).
a bank deposit and FDIC insured to the limits of that insurance
a combination checking and savings account
a deposit account that pays interest
a deposit investment with a bank or mutual fund company
a good option for saving if you want to receive a higher interest rate than a checking account, with limited check writing privileges, but still want to receive all the benefits of a savings account
a good savings vehicle and usually the major banks have no problem with the amounts you are planning to invest
a great choice for those who want higher interest-earning rates while ensuring access to funds
a great choice for those who want higher rates while ensuring maximum liquidity
a great way to earn a higher interest rate while still having access to your money
a highly liquid, secure investment, which pays dividend rates that are adjusted with changes in market conditions
a liquid savings account that earns higher dividends than a Regular Share Account
an account where you deposit funds and earn a dividend rate that is higher than the rate paid on regular Share Savings Accounts
an FDIC-insured deposit account that allows you access
an FDIC insured from a money market fund which is a type of mutual fund
an interest bearing account available to all customers
a rainy day fund that everyone needs," Mr
a savings account offered by banks and credit unions, insured by the Federal Deposit Insurance Corp
a semi-liquid fund that can currently earn anywhere
a smart option for anyone who wants to earn a higher interest rate and have ready access to funds
a super-charged depository account that combines features of a traditional checking and savings account
a type of mutual fund that invests in different loans and financial services while attempting to keep the initial investment low
a type of savings account, but with a little spice added to it
a type of savings account offered by banks and credit
a type of savings account that usually provides a higher interest rate than a standard savings account in exchange for limited electronic or third-party withdrawal privileges
a way to invest your money for short periods
Federally insured accounts (with financial institutions) that pay rates established by the bank upon money-market yields.
A savings account on which interest may be paid if established in accordance with the requirements of Section 561.28 of Title 12 of the Code of Federal Regulations, which includes limited transfer privileges.
similar to a certificate of deposit except this product does not require a long term commitment; a type of account that requires a higher balance and pays a higher rate of return than a regular checking account.
A bank deposit that pays interest and that allows a saver to withdraw money at will, often by writing checks
A type of investment in which funds are invested in short term securities.
An account that may be interest-bearing and is subject to limited negotiable order of withdrawal or by other means authorized by the bank. An example of an MMA offered by GMAC Bank is the GMAC Insured Savings account.
A bank account that restricts the type and number of withdrawals. The account also earns interest similar to money market funds.
a savings account offered by a bank (or a mutual fund). The account typically requires 1) a minimum deposit and 2) that you maintain a minimum balance. The account invests in certificates of deposit and treasury bills and pays a rate of interest that rises and falls with the economy.
A type of savings account that invests the available funds in various short-term securities, attempting to maintain a $1 per share value.
Accounts that work like money market funds and allow individual investors to participate in certain managed investments and withdraw funds under most conditions.
A vehicle in which accumulated funds are invested in various short-term securities.
Generally, a mutual fund which typically invests in short-term debt instruments such as government securities, commercial paper, and large denomination certificates of deposit of banks.
A checking account that earns interest generally comparable to Money Market Funds, although the rates paid by any particular bank may be higher or lower.
At DCU, a Money Market Account is a federally-insured savings account that pays higher dividends than the basic Savings Account. The dividends rates on the account are tiered. That means the dividend rate you earn on your whole balance each day depends on the tier in which your balance falls. Checks are available on the account, but federal regulations limit you to three per month. DCU's Money Market Dividend rates, especially for the higher tiers, compare favorably against major uninsured money market mutual funds.
A special type of savings account that makes it easy to invest in short-term securities .
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 are somewhat more limited. These accounts can be a convenient place to store money that is to be used for upcoming investments or has been received from the sale of recent investments. They are very safe and highly liquid investments, but may offer a lower interest rate than other investments.
A bank account with interest rates comparable to those available in the money market.
An account in which your money is reinvested in short-term securities by the bank or investment firm managing the account.
Account that allows individual investors to participate in managed investments and to withdraw funds under most conditions.
A bank or investment account with a fluctuating interest rate. Usually the funds can be withdrawn on demand, even though the account is not a checking account. To Top
A savings account that offers the competitive rate of interest (real rate) in exchange for larger-than-normal deposits. Also known by the acronym MMDA, which stands for "money market demand account" or "money market deposit account."
A type of savings account that provides bank depositors with many of the advantages of a money market fund. Certain regulatory restrictions may apply to the withdrawal of funds.
A savings account that provides bank depositors with many of the advantages of a money market fund. Certain regulatory restrictions apply to the withdrawal of funds from a money market account.
A bank account that restricts the type and number of certain withdrawals and which earns interest similar to that paid by money market funds.
Account for short-term debt securities, such as bankerâ€™s acceptances, commercial paper, repurchase agreements, negotiable certificates of deposit and Treasury Bills, with a maturity of one year or less, and often 30 days or less. Typically a safe, highly liquid investment. o-load Fund: A mutual fund whose shares are sold without a sales commission and without a 12b-1 fee of more than .25% per year.
Insured deposit accounts of very short maturity with rates determined by the market and accessible by withdrawal instrument. MMAs are limited to three share draft or check withdrawals per month, and a total of six remote withdrawals per month to avoid posting reserves.