What is Money Market Account?
Money Market Account A type of deposit account that typically pays higher interest and offers limited check-writing privileges, subject to regulatory transaction limits and money market fund investment rules.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Money Market Account” Used in Practice?
A money market account offers higher interest than a regular savings account, but limits the number of monthly transactions as per Regulation D.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Money Market Account?
A type of deposit account that typically pays higher interest and offers limited check-writing privileges, subject to regulatory transaction limits and money market fund investment rules.
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