Wonderful Money Market Account Example images
Money Market Account Example. A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets. Money market accounts are high-interest accounts that combine some features of checking and savings accounts.
A money market account is less liquid than a typical savings account, but more liquid than a certificate of deposit.
The interest rates paid are generally higher than those of savings accounts and transaction accounts; however.
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A money market account is a financial tool for storing your savings safely, and it is quite similar to a traditional savings account. In fact, some savings account rates even top MMA rates online. Rates on money market accounts are completely variable.