46:
1138:
1059:
1133:
897:
917:
907:
1046:
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
1028:
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.
1041:
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
1023:
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
1047:
in person. 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.
1038:
1043:
995:; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest.
1097:
537:
403:
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110:
694:
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85:
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8:
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992:
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276:
145:
90:
19:
This article is about the type of bank deposit account. For the type of mutual fund, see
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1114:"Requiem for Regulation Q: What It Did and Why It Passed Away"
457:
290:
776:
547:
150:
327:
1039:
Depository
Institutions Deregulation and Monetary Control Act
987:. The interest rates paid are generally higher than those of
435:
386:
1145:
644:
482:
408:
37:
1080:
Dlabay, Les R.; Burrow, James L.; Brad, Brad (2009).
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998:Money market accounts should not be confused with
1194:
1079:
1177:
940:
1044:Garn–St. Germain Depository Institutions Act
1184:
1170:
947:
933:
277:Transaction (checking / current)
1195:
1106:
1127:
979:that pays interest based on current
906:
13:
16:Deposit account that pays interest
14:
1219:
1118:Federal Reserve Bank of St. Louis
1136:
1131:
1057:
1013:
915:
905:
896:
895:
44:
1073:
695:Strategic financial management
1:
1050:
849:Sustainable development goals
1156:. You can help Knowledge by
1026:Federal Reserve Regulation D
969:money market deposit account
7:
1018:
10:
1224:
1126:
1032:
600:Fractional-reserve banking
528:Enterprise risk management
18:
503:Diversification (finance)
453:Automated teller machine
700:Stress test (financial)
1152:-related article is a
874:Too connected to fail
635:Investment management
533:Environmental finance
392:Correspondent account
86:Community development
993:transaction accounts
961:money market account
772:Exchange traded fund
650:Mathematical finance
610:Fundamental analysis
605:Full-reserve banking
211:Bank holding company
121:Export credit agency
29:Part of a series on
864:Time value of money
690:Statistical finance
680:Sustainable finance
630:Investment advisory
272:Time deposit (Bond)
1000:money market funds
839:Security (finance)
814:History of banking
710:Structured product
705:Structured finance
518:Economic expansion
31:financial services
1165:
1164:
1099:978-0-538-44561-0
1082:Intro to Business
957:
956:
752:Corporate finance
747:Capital structure
722:
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493:Corporate finance
313:
312:
21:Money market fund
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1112:Gilbert, Alton,
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1090:Cengage Learning
1088:: South-Western
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989:savings accounts
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829:Personal finance
762:Equity (finance)
625:Impact investing
615:Growth investing
523:Enterprise value
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196:Savings and loan
48:
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1120:, February 1986
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1092:. p. 482.
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1006:that invest in
977:deposit account
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888:
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869:Too big to fail
854:Systematic risk
767:Ethical banking
757:Cost of capital
732:
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670:Private banking
640:Islamic banking
620:Hedge (finance)
543:Ethical banking
513:Economic bubble
488:Climate finance
463:Bank regulation
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377:Instant payment
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731:Related topics
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217:Lists of banks
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55:Types of banks
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985:money markets
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879:Watered stock
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859:Systemic risk
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819:List of banks
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737:Asset pricing
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478:Capital asset
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161:Participation
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1203:Bank account
1158:expanding it
1143:
1108:
1081:
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1065:Banks portal
1036:
1022:
1010:securities.
1008:money market
1004:mutual funds
1002:, which are
997:
972:
968:
964:
960:
958:
792:participants
665:Pension fund
473:Asset growth
468:Bank secrecy
343:Bill payment
262:Money-market
261:
232:
215:
96:Credit union
1086:Mason, Ohio
824:Market risk
715:Toxic asset
685:Speculation
573:engineering
111:Development
91:Cooperative
1208:Bank stubs
1197:Categories
1051:References
797:regulation
446:management
441:allocation
338:Electronic
131:Industrial
126:Investment
106:Depository
81:Commercial
1150:insurance
777:Financial
568:economics
548:Financial
414:BRICS PAY
206:Wholesale
201:Universal
101:Custodian
1019:Features
901:Category
593:services
578:forecast
553:analysis
458:Bad debt
244:Accounts
229:Accounts
166:Payments
156:Offshore
136:Merchant
61:Advising
1033:History
983:in the
975:) is a
911:Commons
588:planner
558:analyst
306:Prepaid
267:Savings
257:Deposit
191:Savings
176:Private
151:Neobank
76:Central
38:Banking
1096:
921:Portal
844:Shares
807:system
787:market
348:Mobile
328:Cheque
296:Credit
231:
186:Retail
181:Public
116:Direct
1144:This
967:) or
563:asset
436:Asset
426:Terms
387:SWIFT
301:Debit
283:Cards
236:Cards
1154:stub
1148:and
1146:bank
1094:ISBN
1037:The
991:and
973:MMDA
802:risk
645:Loan
583:plan
483:Cash
409:SPFS
404:CIPS
382:Giro
360:RTGS
355:Wire
333:Card
66:Banq
965:MMA
782:law
538:ESG
399:CLS
372:ACH
291:ATM
1199::
1116:,
1084:.
959:A
365:NS
1185:e
1178:t
1171:v
1160:.
1102:.
971:(
963:(
948:e
941:t
934:v
233:·
23:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
