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What is the difference between a money market account and a checking account?
Wiki User
∙ 10y ago
When money is held in a checking account the money is liquid. It is always accessible. It can be withdrawn using checks, or electronic cards. A money market account however, is much like a certificate of deposit. It requires a larger amount of money in order to open the account and has a much higher interest rate.
Wiki User
∙ 10y ago
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What are the differences between a money market account and a checking account?
Money market accounts and checking accounts share a lot of similarities. One difference between the two includes a limit on transactions on the money market account. One may need to keep more than $10,000 in a money market account to avoid penalties, whereas a checking account can be run down to a zero balance usually without penalties occurring.
What is Account type of credit Union account?
At a credit union, you can have checking, savings, money market, etc. just like you would have at a bank. One difference is that credit unions are owned by its members (account holders), rather than stockholders.
What type of accounts can be used with MandT Web Banking?
M&T Web banking has a checking account, a savings account, a passbook savings account, a CD account, a Holiday/vacation account, a loan account, a mortgage account, an overdraft account, an equity line account, an IRA account, a PMA account and a MTB money market fund account.
The difference between book values and market values on the balance sheet and explain which is more important to the financial managers and why?
Discuss the difference between book values and market values on the balance sheet and explain which is more important to the financial manager and why?
What types of accounts does hsbc bank offer?
HSBC bank offers many different types of accounts. Just to name a few, checking account, savings account, cd's, money market accounts, loans, mortgages. The same as other banks.
What are the differences between a money market account and a checking account?
Money market accounts and checking accounts share a lot of similarities. One difference between the two includes a limit on transactions on the money market account. One may need to keep more than $10,000 in a money market account to avoid penalties, whereas a checking account can be run down to a zero balance usually without penalties occurring.
What is mma checking?
Money market accounts (MMAs) are a form of savings account that resemble checking accounts in several ways.
Where can I read about money market checking?
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.
What is Account type of credit Union account?
At a credit union, you can have checking, savings, money market, etc. just like you would have at a bank. One difference is that credit unions are owned by its members (account holders), rather than stockholders.
What is the difference between local market and national market explain with example?
what is the difference between local market and national market
What is a typical interest rate for a money market account at HSBC?
The typical interest rate for a money market account at HSBC is 3.4% on a savings account, and nothing on the free checking option. This bank has associates that can assist anyone.
What is the difference between industry and market?
what is the differences between Industry and Market
What is the average interest for a checking account?
The average interest for a checking account is 0.3%. One can check the following places for more information: My Bank Tracker, Market Place, Bank Rate, Go Banking Rates and many more.
What is the difference between in the market and on the market?
In the market is where you do your buying and selling. On the market is where you put something that is for sale.
What is the difference between market and floating market?
a floating market floats but an market dont float
What is the difference between dealer and stock markets?
differance between stock market and dealer market?
What is the difference between factor and product market?
The difference between a factor market and a product market is that a factor market is a market where productive resources are bought and sold, while a product market is a market where products offer goods and services for sale.I copied this out of my econ book =)
