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What is the average minimum deposit for money markets?
EncofBizandFinance
A minimum deposit is required to open a money market account; $1,000 is typical.
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∙ 13y ago
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What is the purpose of a money market certificate?
Most people confuse a money market account with certificates of deposit. Money markets are deposit accounts set up like a savings or checking account. However, a minimum balance, and/or limited transactions are commonplace. Interest earned is based on average deposit balance. Therefore, money market certificates are great for large accounts with limited needs for withdrawals.
What are the accounts for deposit?
Accounts for deposit are traditionally, checking, saving, money markets and sometime cd's. It is an account that you can add money to on regular basis.
What are money market accounts?
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.
What are some ways in investing money?
Their are many ways of investing money to allow maximum growth. Money markets and Certificates of Deposit that yield high interest rates are very popular.
Are money markets a smart investment?
That would depend on if a money market deposit account or a money market mutual fund is meant. It also depends on what type of growth is being looked for.
What is the current earning rate for Money Market accounts?
The average Money Market rate for a deposit under $10,000 is 1.54%.
What is the term deposit rate of interest for effective date?
It depends on the number of days you are willing to deposit your money. The average rate in India for a 1 year deposit is around 8% per annum.
Is there a need to open an account for issuing a certificate of deposit?
Yes. A "certificate of deposit" is a type of savings account where you deposit a minimum amount of money for a minimum amount of time (during which time you cannot make any withdrawals) to accrue a certain interest rate. Usually the higher the dollar amount and the longer the time period, the higher the interest rate.
How you put money into the bank on MySpace mobsters?
In order to put money into the bank on Myspace Mobsters you must have a minimum deposit of $10,000. Once you have that initial deposit you can click the [BANK] button up top, type in the amount you would like to deposit, then click [DEPOSIT]. You must always keep atleast $2,000 in the bank or it will be shut down. There are some bots available to automatically deposit your money into the bank every hour so you don't have to worry about it, they are available on the MobsterStrategy.com forums
What does MOD balance mean?
money on deposit . It is not money on deposit. It is "Multi Option Deposit" which means: you can decide upon the money going to Fixed Deposit for the minimum amount you set for your account. For instance: You have 50000 in your account. In normal scenario, you will be getting interest on the above amount as per saving bank interest rate. But in case you have MOD account, you can decide that what ever amount is surplus of 10000, it goes into MOD balance and for those amount, you get a interest rate as you get incase of Fixed deposit.
What is share money deposit?
Profit reinvested i the company by its share holders is called share deposit money
How do you deposit money in an account?
you can deposit at the bank
