Money Market Account Definition

noun
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.
Webster's New World Finance
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Money Market Account Sentence Examples

  • By its very nature, keep this money liquid by placing it in a traditional savings or money market account.

  • For example, if he gets a job, let him put 50% in a money market account for the car and the other 50% in the IRA for college.

  • Everbank has a promotion at press time of 2.25 percent for a new money market account (quite similar to a savings account) for three months.

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