Money market account is one of the accounts like a bank account. Money market rates is operates likes a bank account but not exactly bank account. Money market deposit account thus offers the account holder benefits typical of both savings and checking accounts.
Meaning Of Money Market Account
Money market mutual fund are related to savings accounts, but regularly pay higher interest and may have a certain restrictions, such as a minimum balance or a limited number of transactions allowed per month. Account holder expects to receive more interest with less risk. These accounts are historically favored by conservative investors who seek a guaranteed return on their money.
A best money market rates is also called money market deposit account. High yield money market accounts is a financial account that pays interest based on current interest rates in the money markets.
Money market is encompassing the trading and issuance of short-term non-equity debt instruments, including treasury bills, commercial paper, certificates of deposits etc. The market may be local or international. Securities and financial instruments with short-term maturities are traded is called the money market
Money Market Account Basics
Money Market Rates 2014 is extremely in good condition. Understanding Money Market Accounts is interesting way, you need to know some basic accounting topics. Money networks combine many of the features of other bank accounts. A common money market account definition often will note that it functions something like a savings account, but with limited checking account privileges. Capital One Money Market Account is popular in accountancy professional. They will do better job. Apart from this you can find best options, by you can find by simply contact your accounting professional.
The yield provided by the top money market interest rates, however, means they also can provide rates of return that may be competitive with some CDs, while not locking your money up for a specified time as CDs do.
Who Is A Good Candidate For A Money Market Account?
Cathy Pareto told Ally Bank in a recent interview that the ideal customer for a money market account is somebody who needs to set aside some financial reserves for emergencies; or perhaps someone who’s in a transitional period, maybe about to switch jobs or homes or putting aside savings for a new baby. Pareto is a certified financial planner with Cathy Pareto & Associates, Inc., Coral Gables, Florida, and she added that money market accounts are a good way to save for those big expenses.
Your funds in money accounting software at most banks – including Ally Bank – also are insured by the Federal Deposit Insurance Corp. (FDIC) up to the maximum amount allowed by law, which makes them a very safe place to put your personal savings.
Money market security offers account holders; may be an attractive option for the people who’ve reached the stage in life where they don’t want to risk chasing higher returns.
Money market is regulated by depository institutions. Money market accounts were authorized with a minimum balance of no interest ceiling, and no minimum maturity, allowing with certain conditions as per prevailing market positions.
Money Market Account Features and benefits
- money market mutual fund deals with short term instruments.
- This account has both primary and secondary market instruments.
- It has different operational features while comparing to other account in capital market.
- Money market account helps working capital source from financial institutions.
- Money market account, has several instruments, is highly safety and liquidity.
Thus, money market deposit account holder where the borrower or lender has exchange short term funds to solve their liquidity needs at a time. Because of money market account purely deals in monetary nature of assets.
Originally posted 2014-10-01 03:08:31.