How Do I Choose the Best Money Market Accounts?

Money market deposit accounts (Money Market Deposit Accounts, MMDAs) Money market deposit accounts are a business established by Western commercial banks to compete for deposits. Opening such an account pays higher interest rates, can float, and use checks. Depositors of this account can receive a statement on a regular basis, recording the interest earned, the balance of the deposit, the amount of withdrawals or transfers, etc.

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