219k views
3 votes
This account offers a good interest rate, but tends to require a certain minimum deposit. Usually, this account becomes mature in a matter of several months. You can withdraw money from this account before it becomes mature without penalty, but there is a limit to how frequently you can withdraw it.

2 Answers

4 votes
MONEY MARKET ACCOUNT
This account offers a good interest rate, but tends to require a certain minimum deposit. Usually, this account becomes mature in a matter of several months. You can withdraw money from this account before it becomes mature without penalty, but there is a limit to how frequently you can withdraw it.

User Taimur Aziz
by
8.1k points
2 votes

Answer:

Money Market Account (MMA)

Explanation:

Money Market Accounts (MMA) are the accounts that offer a good interest rate, but tends to require a certain minimum deposit. Usually, this MMA account becomes mature in a matter of several months. You can withdraw money from this MMA account before it becomes mature without penalty, but there is a limit to how frequently you can withdraw it. So, the answer is Money Market Account (MMA).

User Jovina
by
8.0k points

No related questions found