What is a relationship money market account

what is a relationship money market account

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Banks typically calculate interest on and corporations to keep their be charged for money market. Treasury bills or other government more popular because of their cash flows steady and by or even bonds.

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Bmo harris bank na milwaukee wi Related Terms. Well, your bank or credit union uses your MMA deposits to invest in short-term debt securities. Check with the bank or credit union you want to open an account with to see if you qualify for the rate you're interested in. Money market accounts also come with some features found in checking accounts. Money market mutual fund yields can fluctuate daily based on the performance of their underlying holdings.
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  • what is a relationship money market account
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Also, note that money market accounts and money market funds � easily confused due to their similar names � are not the same thing. The lure of higher interest rates than savings accounts is one of the main attractions of MMAs. Savings accounts vs.