What is a money market deposit?

Answer According to the Federal Deposit Insurance Corporation (FDIC), money market deposit accounts are an investment product offered by banks. These accounts earn interest and offer a limited number of t... Read More »

Top Q&A For: What is a money market deposit

Do I have to pay taxes on a money market deposit account?

Interest that you earn from your money market deposit account must be reported as taxable income. You will receive a form 1099-INT from your bank showing how much you were paid in interest for the ... Read More »

Can I deposit money at any ATM?

It is possible to make a deposit at an ATM that is not owned by your bank, but it can be tricky as not all ATMs allow deposits from non-customers. Insert your card into the ATM and check your optio... Read More »

How to Use an ATM to Deposit Money?

Automated Teller Machines (ATMs), also known as cash points, were created in 1972 by IBM. They have since grown in popularity to dispense money to millions of people each year. Banks are now comput... Read More »

How to Deposit Money to an Inmate?

Depositing money to an inmate located in a correctional facility will allow the offender to purchase certain goods and services available from the commissary system located inside the institution. ... Read More »