MMDAs and Super NOWs carry higher yields than checking or savings deposits.

Name: MMDAs and Super NOWs carry higher yields than checking or savings deposits.
Brand: Quizplus
Rating: 4.9 (59 reviews)

Question

Quizplus · Accepted Answer

MMDAs (Money Market Deposit Accounts) and Super NOW (Negotiable Order of Withdrawal) accounts typically offer higher interest rates compared to traditional checking or savings accounts because they usually require higher minimum balances and may have more restrictions on withdrawals.

MMDAs and Super NOWs Carry Higher Yields Than Checking or Savings