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A money market savings account is a special kind of savings account. Money market account holders receive more money on their return. Money markets are secure.
You can open a money market account over the Internet at https://www.zionsbank.com/isavings_info.jsp - . Another good place to opne an account is www.bankofinternet.com/money-market-savings.aspx
to deposit moneyA Deposit is the act of putting money into an account.
Generally yes but remember that you are putting the money into THEIR account and they can spend the money that you deposited for any reason and you have no recourse because it is THEIR money.
money market account
An online money market account is basically putting your bank account online that is invested specifically for market. It would typically have higher interest rates for your savings that a typical bank account would.
Money market accounts are low risk accounts. It gives just a little more return on your money than a savings account but usually requires a larger amount of money to be left in the account. Usually you only need one money market account unless you are putting an extremely large amount of money in, over $250,000.
"Money Market" units are securities which can only ever appreciate in quantity (their value is always exactly $1 per unit). So holding money market units (I forget the precise term, sorry) is like putting money in a savings account, although generally money market accounts grow faster. Right now, yields are pretty abysmal, though.
it is a credit. Depositing money into an account is putting money in.
A money market savings account is a special kind of savings account. Money market account holders receive more money on their return. Money markets are secure.
depositing
money market account
You can open a money market account over the Internet at https://www.zionsbank.com/isavings_info.jsp - . Another good place to opne an account is www.bankofinternet.com/money-market-savings.aspx
Money market account is an account that deal with financial matters in the money markets. Money market account usually requires a higher minimum balance or higher rate of interest in order for one to earn interest on the deposit money.
to deposit moneyA Deposit is the act of putting money into an account.
A money market account is like a savings account. The disadvantage is that there will not be much interest or return. The advantage is , subject to the restrictions stated when you open the account, you can quickly get all your money out.
madhu