An account that usually pays higher interest rates than checking or savings accounts, but that may require a higher initial deposit. Money market accounts are offered by brokerage firms and they are not federally insured, unlike most checking and savings accounts.
money market account
noun
The definition of a money market account is a deposit account that pays interest based on money market rates, generally has a high minimum balance requirement and has features of both savings and checking accounts.
An example of a money market account is a bank-offered service that requires people to keep at least a $1,000 balance.
YourDictionary definition and usage example. Copyright © 2018 by LoveToKnow Corp
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"money market account." YourDictionary, n.d. Web. 07 December 2018. <https://www.yourdictionary.com/money-market-account>.
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money market account. (n.d.). Retrieved December 07th, 2018, from https://www.yourdictionary.com/money-market-account
money market account - Investment & Finance Definition
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
Link to this page
Cite this page
MLA Style
"money market account." YourDictionary, n.d. Web. 07 December 2018. <https://www.yourdictionary.com/money-market-account>.
APA Style
money market account. (n.d.). Retrieved December 07th, 2018, from https://www.yourdictionary.com/money-market-account
Words near money market account in the dictionary
- money market account
- money market certificate
- money-market-fund
- money market instruments