Money Market Deposit Account

2021年11月29日
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*Money Market Deposit Account Info
*Money Market Deposit Account Definition
It may be insured and secured. Spin casino sign in. Unlike money invested in stocks and bonds or other investment. Yes, your Wells Fargo Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails.Money Market Deposit Account Info
A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets.[1] The interest rates paid are generally higher than those of savings accounts and transaction accounts; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest.
Money market accounts should not be confused with money market funds, which are mutual funds that invest in money market securities.United States[edit]Features[edit]
Money market accounts are regulated under terms similar to ordinary savings accounts. They are insured by the FDIC (unlike money market funds), and although they may provide checking services, the restrictions of Federal Reserve Regulation D have discouraged their use for day-to-day payment purposes. In practice, money market accounts are distinguished from ordinary savings accounts by their higher balance requirements and their more complex interest rate structure.History[edit]
The Depository Institutions Deregulation and Monetary Control Act of 1980 set in motion a series of steps, designed to phase in the deregulation of bank deposits, permitting a wider variety of account types, and eventually eliminating interest ceilings on deposits. By the subsequent Garn–St. Germain Depository Institutions Act of 1982, on December 14, 1982, money market accounts were authorized with a minimum balance of no less than $2,500, no interest ceiling, and no minimum maturity, allowing up to six transfers out of the account per month (no more than three by check) and unlimited withdrawals by mail, messenger, or in person.[2] Minimum denominations were eliminated on January 1, 1986, and the limitation that no more than three of the maximum six monthly outward transfers could be by check was eliminated on May 3, 1988.References[edit]
*^Dlabay, Les R.; Burrow, James L.; Brad, Brad (2009). Intro to Business. Mason, Ohio: South-Western Cengage Learning. p. 482. ISBN978-0-538-44561-0.
*^Gilbert, Alton, ’Requiem for Regulation Q: What It Did and Why It Passed Away’, Federal Reserve Bank of St. Louis, February 1986Retrieved from ’https://en.wikipedia.org/w/index.php?title=Money_market_account&oldid=998579520’Cash management
You can earn interest with your uninvested cash at E*TRADE. We offer several cash management programs. Depending on your selection, available cash is either held in your brokerage account or swept to a bank sweep program or money market fund. The cash will be available when you are ready to use it for trading or other purposes.ProgramSymbolDescriptionAPYInsurance/ProtectionBrokerage AccountRetirement AccountPersonalized InvestmentAdditional informationCash Balance ProgramCBPA cash balance held at E*TRADE Securities0.01%SIPC protection up to $250,0001checkcheckcheck*View detailsExtended Insurance Sweep Deposit AccountESDASweeps cash balances into multiple Program Banks0.01%FDIC-insured up to $1,250,0002 ($2,500,000 for joint accounts)checkView detailsRetirement Sweep Deposit AccountRSDASweeps cash balances into E*TRADE’s affiliated banks, E*TRADE Savings Bank and E*TRADE Bank0.01%FDIC-insured up to $500,0004checkView detailsJPMorgan US Government Money Market Fund, Capital ClassOGVXXA money market mutual fund seeking high current income with liquidity and stability of principal7-day current yieldSIPC protection up to $500,0001check*View details
* Customers who do not wish to be invested in the JPMorgan US Government Money Market Fund for their Personalized Investments account should contact their Financial Consultant or E*TRADE Customer Service.Money Market Deposit Account Definition
Account holders must either live in the United States or have a US Social Security number or Taxpayer Identification Number to be eligible for the above programProgramSymbolDescriptionAPYInsurance/ProtectionBrokerage AccountRetirement AccountPersonalized InvestmentAdditional informationInternational Sweep Deposit AccountISDASweeps cash balances into E*TRADE’s affiliated bank, E*TRADE Savings Bank0.01%FDIC-insured up to $250,0003checkcheckView details
Account holders must neither live in the United States nor have a US Social Security number or Taxpayer Identification Number to be eligible for the above programLegacy cash management options
Top paying casinos online. These options are not available as cash management options to new accounts.ProgramSymbolDescriptionAPYInsurance/ProtectionAvailabilityAdditional informationJPMorgan US Government MMKT E*TRADE ClassJUSXXA money market mutual fund seeking high current income with liquidity and stability of prinicipal7-day current yieldSIPC protection up to $500,0001Fund not available as a sweep option.View prospectusJPMorgan US Treasury Securities MMKT Morgan ClassHTSXXA money market mutual fund seeking high current income with liquidity and stability of prinicipal7-day current yieldSIPC protection up to $500,0001Fund not available as a sweep option.View prospectus
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