The money market is where you can get more dividends on your savings account which is federally insured and higher than the normal savings account. The money market consists of financial institutions and dealers in money or credit who wish to either borrow or lend. This is used by a wide range of participants. The money market is generally perceived as a safe place to invest money due to their highly liquid …

A money market is an account that pays a higher return as compared to a savings account. Money can be earned in money markets when the financial institution uses the funds to give loans to other customers for an interest higher than the usual. This in turn ensures a higher yield of investment.

Bruce R. Bent. He created a formal technique and made “rules” of these processes. It ended up with a whopping US$3.0 trillion, giving service to so many investors.

Money Markets have long been in existence. The start of money market dates back as far as four decades ago; although only a few people are aware of it. To learn about the history of money markets will allow us to take a closer look at the changes that went with it since their introduction during the latter part of the 20th century. The money market fund was first introduced into the …

Money Market Account and Money Market Fund may sound exactly the same. But they are different concepts. People can be confused because they have similarities. Both of tem are short term investments with a higher return compared to a regular savings account. Aside from that, they offer liquidity and flexibility because checks can be written and withdrawal can be made from ATM. Money Market Account This is also called as “premium” …

Money market account yields a higher interest than a savings account. However, it requires a higher minimum balance as well as a higher maintaining balance. If the depositor fails to meet the required amount, he will be charged with a fee. Other than that, transfer is also limited. The depositor is only allowed to transfer around three to six times every month based on when the transaction was processed. This applies for …

Anyone can open their money market deposit account (MMDA) at any institution that offers savings accounts such as banks, credit unions even brokerages and mutual fund companies. Compared with the savings accounts, the MMDA requires a higher account-opening balance and demands a higher monthly maintaining balance. So really, should you rely solely on banks when it comes to protecting and growing your money? Your bank collects all the money that their clients …

There are three distinct disadvantages to having a money market deposit account (MMDA). Due to the features of this account, it is recommended for those who are retirees or investors who want to store their money and still want it to be accessible. The money market deposit account should be known for its security and high-yielding returns but the option may not be the best for you. You should always do your …

Due to the very erratic state of the economy, maybe depositing your hard-earned savings on the stock market would cause you several sleepless nights. On the other hand, with all the banks closing up, is it really safe to leave your money at their hands? In a time when the market is collapsing and people are losing their jobs, the question of where to put your money is most important. Most people …

Yes, money cannot grow on trees but your banks can help you with that problem. The problem with keeping your money in a sock drawer is that it does not grow in value. For example, your childhood savings of US$100 will remain at US$100 even after 10 years. Although there is really nothing lost, you realize that due to inflation, your money wouldn’t amount as much as when you first stuffed it …