Money Market Deposit Account
Open a savings account or open a Certificate of Deposit (see interest rates) and start saving your money. Prepaid Card The Starbucks ® Rewards Visa ® Prepaid Card is the only reloadable prepaid card that allows you to earn Stars everywhere you shop, with no monthly, annual or reload fees. Money Market Deposit Accounts are insured and allow you earn higher dividends as your balance increases. Open with a $2,000 minimum deposit Get a dividend rate as high as 0.35% APY. UNLIMITED in-person withdrawals and transfers. Yes, your Wells Fargo Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. A money market account is a type of savings deposit account that can be found at banks and credit unions. These high-rate money market accounts may pay a higher interest rate than traditional.
- Money Market Deposit Accounts And Certificates Of Deposit Are Officially Called
- Money Market Deposit Accounts Are A Type Of Checking And Investment Account
- Money Market Deposit Account Definition Economics
Cash management
You can earn interest with your uninvested cash at E*TRADE. We offer several cash management programs. Depending on your selection, available cash is either held in your brokerage account or swept to a bank sweep program or money market fund. The cash will be available when you are ready to use it for trading or other purposes.
| Program | Symbol | Description | APY | Insurance/Protection | Brokerage Account | Retirement Account | Personalized Investment | Additional information |
|---|---|---|---|---|---|---|---|---|
| Cash Balance Program | CBP | A cash balance held at E*TRADE Securities | 0.01% | SIPC protection up to $250,0001 | check | check | check* | View details |
| Extended Insurance Sweep Deposit Account | ESDA | Sweeps cash balances into multiple Program Banks | 0.01% | FDIC-insured up to $1,250,0002 ($2,500,000 for joint accounts) | check | View details | ||
| Retirement Sweep Deposit Account | RSDA | Sweeps cash balances into E*TRADE's affiliated banks, E*TRADE Savings Bank and E*TRADE Bank | 0.01% | FDIC-insured up to $500,0004 | check | View details | ||
| JPMorgan US Government Money Market Fund, Capital Class | OGVXX | A money market mutual fund seeking high current income with liquidity and stability of principal | 7-day current yield | SIPC protection up to $500,0001 | check* | View details |
* Customers who do not wish to be invested in the JPMorgan US Government Money Market Fund for their Personalized Investments account should contact their Financial Consultant or E*TRADE Customer Service.
Money Market Deposit Accounts And Certificates Of Deposit Are Officially Called
Account holders must either live in the United States or have a US Social Security number or Taxpayer Identification Number to be eligible for the above program
| Program | Symbol | Description | APY | Insurance/Protection | Brokerage Account | Retirement Account | Personalized Investment | Additional information |
|---|---|---|---|---|---|---|---|---|
| International Sweep Deposit Account | ISDA | Sweeps cash balances into E*TRADE's affiliated bank, E*TRADE Savings Bank | 0.01% | FDIC-insured up to $250,0003 | check | check | View details |
Account holders must neither live in the United States nor have a US Social Security number or Taxpayer Identification Number to be eligible for the above program
Money Market Deposit Accounts Are A Type Of Checking And Investment Account
Legacy cash management options
These options are not available as cash management options to new accounts.
Money Market Deposit Account Definition Economics
| Program | Symbol | Description | APY | Insurance/Protection | Availability | Additional information |
|---|---|---|---|---|---|---|
| JPMorgan US Government MMKT E*TRADE Class | JUSXX | A money market mutual fund seeking high current income with liquidity and stability of prinicipal | 7-day current yield | SIPC protection up to $500,0001 | Fund not available as a sweep option. | View prospectus |
| JPMorgan US Treasury Securities MMKT Morgan Class | HTSXX | A money market mutual fund seeking high current income with liquidity and stability of prinicipal | 7-day current yield | SIPC protection up to $500,0001 | Fund not available as a sweep option. | View prospectus |