This account offers a good interest rate, but tends to require a certain minimum deposit. Usually, this account becomes mature i

Question

3 years ago

7

This account offers a good interest rate, but tends to require a certain minimum deposit. Usually, this account becomes mature i

n 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.

Mathematics

2 answers:

alex41 [277] · Answer 1 · 2022-03-27T15:28:12+03:00

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 <span>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.</span>

kodGreya [7K] · Answer 2 · 2022-03-27T16:42:11+03:00

Answer:

Money Market Account (MMA)

Step-by-step 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).