Tagged ‘Personal Wealth’
Money Market Accounts or MMAs are simple cash asset accounts that are held at investing institutions and banks. These bank accounts act very much similar to the savings accounts as you can deposit your money in these and the bank takes this money and reinvests it with ultra-conservative techniques of investments.
With savings accounts, the bank has to follow the banking standards and it cannot decide where to invest the money in, but in a Money Market Account, the investment of your money become more flexible. This is because these accounts are usually considered to be cash funds.
Tags: Bank Account, Bank Agreement, Business Capital, Business Opportunity, Cash Deposit, Cash Flow, Finance Growth, Financial Control, Long Term Investment, Money Market Account, Personal Finance, Personal Loan, Personal Wealth, Techniques Of Investments