A money market account that an individual holds within a retirement account such as an IRA. In a retirement money market account, deposits are placed in low-risk investments like certificates of depositTreasury bills and short-term commercial paper.

The account pays a relatively low rate of interest, slightly higher than a savings accountbut provides liquidity and stability. For the account holder, it operates much like a checking or savings account.

What is Money Market Deposit Account? definition and meaning

Dictionary Term Of The Day. A measure of what it costs an investment company to operate a mutual fund.

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Money Market Account

Retirement Money Market Account Share. Money market account definition investopedia a regular money market account, a retirement money market account is governed by a retirement plan agreement.

Money Market Account

For example, the account holder illuminati stock market crash not be able to withdraw money from the account without paying a money market account definition investopedia until he or she has reached a minimum age, such as As a benefit, however, the account balance may be allowed to grow tax free.

A retirement money market account is a conservative investment that may be used as part of a diversification strategy within an overall retirement portfolio.

Its value will remain stable regardless of what the stock or bond markets are doing. A retirement money market account may also be used to store the proceeds of stock and bond sales as the account holder gets older and seeks more conservative holdings.

In addition, money market accounts often have check-writing privileges, making it easy for retirees to withdraw retirement account funds as needed. Bank Deposits Money Market Account IRA Adoption Agreement And Plan Super NOW Account Account History Term Certain Method Chart Of Accounts Linked Savings Account Eligible Transfer.

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