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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.
A joint bank account belongs to the surviving owner.
Of course. That's the purpose of a "joint" account.
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.
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
Yes. The holders of the joint account are equal stake holders in the account and a legal order to receive payment from one of the account holders is enough to withdraw/take funds from a joint account.
A joint bank account is just like any account. You can withdraw money by all means like ATM, Checks, Withdrawal through withdrawal slips in the bank etc. however, the only difference is the fact that either of the account holders of the joint account can do this and one party cannot restrict the other parties involved in the joint holding of the account from withdrawing funds from the account.
If it's only your checking account, otherwise if it's a joint account there probably isn't anything you can do
Money Market checking is basically the same as a money market account which sets a certain amount of money you need in your account to get a certain amount interest. You can ask any bank about this function.