Money market deposit account is a federally insured savings account, offered by banks and other depository institutions, that competes with money market mutual funds. Depositors can check-writing privileges or ATM to access MMDA accounts. A major problem with the growing popularity of interest-paying checking accounts has been:

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Felomino Bacquiano II · Accepted Answer

A rise in monthly bank charges, which can easily amount to more than the interest earned on all but the highest account balances

Felomino Bacquiano II · Answer

A slump in monthly bank charges, which can easily amount to more than the interest earned on all but the highest account balances

Felomino Bacquiano II · Answer

A fall in monthly bank charges, which can easily amount to more than the interest earned on all but the highest account balances

Felomino Bacquiano II · Answer

A rise in monthly bank charges, which can easily amount less than the interest earned on all but the highest account balances

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