    

|
|
Money Market Account
|
| FYI - For 2011, Dow up, Dogs of the Dow up more (double digits) |
| |
A money market account is a savings account that offers an above average rate of interest when compared to conventional savings accounts. In order to qualify for a money market account, an account holder has to make cash deposits that exceed those that suffice for a normal account. A typical money market account provides many of the same benefits as traditional savings or checking accounts, including Federal government insurance. However, a money market account limits the number of monthly transactions. Likewise, a money market account holder must retain a certain minimum account balance. Although a money market account is considered an investment, its interest rate tends to be inferior to the returns associated with bonds or other investments. A money market account may be obtained at banks or brokerage firms.
Rate this money market account definition...
|
|
Where is the market headed? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day.
|
Popular Terms: inflation, FICO score, EBITDA, labor relations, option premium, 1035 exchange, 144a, deferred revenue, limit order, balance sheet, ex-dividend date, dividends payable, command economy, current ratio, phantom income, required rate of return, average price per share, real GDP, FTSE, stock split, deferred tax, diluted share, margin rate, class C shares, debt service coverage, minority interest, open position, annual return, ex-dividend, 401a, risk management, reverse mortgage, covered put, in escrow, LIBOR, implied volatility, wholly-owned subsidiary, irrevocable trust, quality assurance, stock market close, liquidity ratio, cancelled check, 1031 exchange, APR, Key Rate Duration, Zero Cost Collar, per diem, retained earnings, VIX
|
|
| |