Unit 3 – Investing: Making Money Work for You

5. Severe penalties if remove money before it matures. C. Money Market Deposit Account (MMDA) 1. Like a savings account but pays a higher interest rate (but lower than CDs) 2. Can withdraw/write checks from it, but limited in number as to how many you can write (4x per month) 3. Must maintain a HIGH balance. D. U.S. Savings … ................
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