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Money market funds are available at all or almost all banks and credit unions. They are generally insured up to $250,000 against bank/credit union failure.

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12y ago

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Where can one find information regarding money market deposit accounts?

There is some useful information available regarding money market deposit accounts on the 'Nolo' website. One may also visit the Investopedia website for further information.


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.


How could one open a money market deposit account with Capital One?

One can open a money market account with Capital One by visiting the Capital One website. On the website one should follow the "Opening an Account" link.


What is the money market used for?

The money market is used for one to invest money to make more money. The money market is what helps the economy to grow and prosper by one being interested to invest one's income.


What are some types of money market accounts offered by Capital One?

Some different types of money market accounts offered by Capital One include Basic Savings Accounts, High-Yield Savings Accounts and Money Market Deposit Accounts. The best interest rates are available on the highest tier accounts.


How can one make money in a downwards market?

One can make money in a downwards market by short selling stocks, investing in inverse exchange-traded funds (ETFs), or trading options contracts that benefit from a decline in the market.


what are the highest money market and cd rates in the metrowest area of greater boston?

According to bankrate.com Century Bank in Boston is offering a one year CD at .5% APY on minimum deposit of $1000. The best money market is at Everbank and is 1.83%.


Are bonds sold on the money market?

Bonds are typically not sold on the money market; they are usually traded in the capital market. The money market primarily deals with short-term debt instruments, such as Treasury bills, commercial paper, and certificates of deposit, which have maturities of one year or less. In contrast, bonds generally have longer maturities and are traded in the capital market, where longer-term securities are bought and sold.


What is meant by a Money Market fund?

Money Market fund is a mutual fund that one invests in short-term debt securities. Monet market funds are almost as safe as bank deposits but they will make more money.


Which is the market in which money is lent for periods of less than a year?

The market in which money is lent for periods of less than a year is known as the money market. This market facilitates the borrowing and lending of short-term funds, typically with maturities of one year or less. Instruments traded in the money market include Treasury bills, commercial paper, and certificates of deposit. It plays a crucial role in managing liquidity and short-term financing needs for businesses and governments.


I want to withdraw the recurring deposit money before maturity?

It is difficult to withdraw a recurring deposit before its maturity. Banks will typically make a person wait one year before withdrawal.


What is an example of a high money market?

An example of a high money market account will have a high interest rate and presumably make a lot of money for the owner of the account. One bank which claims to offer high yield or high paying money market accounts is Ally Bank; another is Capital One.