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A money market account is a savings account offered by banks that normally earns a higher rate of interest than a normal savings account. These accounts go by the acronym MMA, but also are referred to as Money Market Demand Accounts (MMDA) or Money Market Deposit Accounts (also MMDA.) It pays a higher rate in
The U.S. payments system is the largest in the world.  Each day, millions of transactions, valued in the trillions of dollars, are conducted between sellers and purchasers of goods, services, or financial assets.  Most of the payments underlying those transactions f low between depository institutions and banks, a large number of which maintain accounts with
The best certificate of deposit rates for the week ending May 8, 2009 saw declines for the short term and midterm rates and an increase for the long term CD rates.  The average for the best two year term CDs were unchanged for the week.  The average of the top ten CD rates with a