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Commercial real estate
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money market accounts
Money market accounts is an interest-bearing account that typically pays a higher interest rate than a savings account, and which provides the account holder with limited check-writing ability. The account thus offers the holder benefits typical of both savings and checking accounts. This type is likely to require a higher balance than others and is Insurance Corporation insured. They are able to offer a higher interest rate by requiring a higher minimum balance, and by placing restrictions on the number of withdrawals the account holder may take over a given period of time. This restriction makes them less liquid but more liquid than bonds. it pursue investing deposits in vehicles such as certificates of deposit, government securities, and commercial paper that offer higher yields than are found in savings accounts.
A money market accounts are interest-bearing account that typically pays a higher interest rate than a savings , and which provides the account holder with limited check-writing ability. A market account thus offers the holder of the account benefits typical of both savings and checking accounts. This type of account is likely to require a higher balance than a account of savings and is Fed. Deposit Insurance Corporation are typically able to offer higher annual percentage yields than savings as the vehicles invest in a variety of options from which traditional passbook accounts are restricted. Banking institutions provide access to insured money deposit accounts (MMDA). MMDA’S offer FDIC backing and the portfolios typically invest in short-term, liquid securities. They are able to offer a higher interest rate by requiring a higher minimum balance, and by placing restrictions on the number of withdrawals the holder may take over a given period of time.
Money market accounts enable an account holder to recieve a better interest rate than they typically would on a savings account while also allowing them check writing abilities as with checking account (albeit limited). Hence the benefits of this account type combine both those of the checking and savings account. The account usually requires a higher balance compared to it's counterparts due to it's added advantages. The account can be opened like any other account. It would be wise though, to do some comparisons in order to determine which bank better meets your requirements for the account.