An interest-bearing account with a high minimum balance, usually paying a higher interest rate than a standard savings account, with a limit on the number of withdrawals during a specified period.
A savings account offered by financial institutions that is designed to be directly equivalent to and competitive with money market mutual funds. Although a minimum initial deposit is required, the account has no interest rate ceiling on balances above the minimum initial deposit. There is no regulated minimum term.
A deposit account offered by banks and financial institutions directly equivalent to, and competitive with, money market mutual funds.
Market-sensitive bank account that has been offered since December 1982. The funds are liquid, that is, they are available to depositors at any time without penalty. The interest rate is generally comparable to rates on money market mutual funds.
A high-yield savings account, FDIC insured, that allows depository financial institutions to be more competitive with money market mutual funds.
A deposit account offered by financial institutions that is designed to be directly equivalent to, and competitive with, money market mutual funds. These accounts, unlike mutual funds, are FDIC insured.
In the United States, a Money Market Deposit Account is a deposit account that is considered a savings account for some purposes, but upon which checks can typically be written, subject to certain restrictions.
