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MMDA
(redirected from Money market deposit account)

   Also found in: Financial, Wikipedia 0.01 sec.
AcronymDefinition
MMDAMoney Market Deposit Account
MMDAManitoba Motor Dealers Association
MMDAMichigan Medical Device Association
MMDAMetropolitan Municipal and District Assembly
MMDAMetro Manila Development Authority
MMDAMartin Marietta Denver Aerospace
MMDAMontreal Museum of Decorative Arts (Montreal, Canada)
MMDAMetropolitan Manila Development Authority (Philippines)
MMDAMadras Metropolitan Development Authority (Recently named to CMDA)
MMDAMinnesota Medical Directors Association (Minneapolis, MN)
MMDA3-Methoxy-4,5-Methylenedioxyamphetamine (psychedelic phenethylamine)


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Money market deposit accounts are similar to a savings account in that you open them through banks and credit unions, and that they are insured by the Federal Deposit Insurance Corporation (FDIC).
Sure, your local community bank might offer half a percentage point less on a money market deposit account than you could find online: that's $50 a year (before tax) for every $10,000 you keep there.
1 (1) Savings deposits including money market deposit accounts (MMDAs).
 
 
 
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