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  2. Money market account - Wikipedia

    en.wikipedia.org/wiki/Money_market_account

    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. [1] The interest rates paid are generally higher than those of savings accounts and transaction accounts; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest.

  3. Reserve Primary Fund - Wikipedia

    en.wikipedia.org/wiki/Reserve_Primary_Fund

    Among money market funds, Reserve Primary was especially vulnerable due to its lack of a parent company that might be able to guarantee its share price. Demands to withdraw money from the fund reached 25% of its assets by the afternoon and more than half on the following day, as clients sought to exit the fund before its Lehman assets impacted ...

  4. National average money market account rates for March 2024 - AOL

    www.aol.com/finance/national-average-money...

    This article provides the most up-to-date average money market account annual percentage yield, which is 0.49 percent, and insight as to why knowing the average money market account rate is important.

  5. Money market - Wikipedia

    en.wikipedia.org/wiki/Money_market

    The money market is a component of the economy that provides short-term funds. The money market deals in short-term loans, generally for a period of a year or less. As short-term securities became a commodity, the money market became a component of the financial market for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less.

  6. FAQ about money market accounts - AOL

    www.aol.com/finance/faq-money-market-accounts...

    Money market accounts combine the features of checking and savings accounts, but they place additional restrictions on your money, which limits their usefulness as checking account replacements ...

  7. What is a money market account? An often overlooked way to ...

    www.aol.com/finance/what-is-a-money-market...

    A money market account is a type of interest-bearing account that combines the strong rates of a high-yield savings account with the features of a checking account. MMAs offer rates of 4.5% APY or ...