Highest Yield Money Market Account
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Money market deposit account - In the United States, a Money Market Deposit Account is a bank deposit that is considered a savings account for some purposes, but upon which checks can typically be written, subject to certain restrictions.
Cost of carry - ... cost of purchasing a particular security rather than an alternative. For most investments, the cost of carry generally refers to the risk-free interest rate that could be earned by investing currency in a theoretically safe investment vehicle such as a money market account minus any future cash-flows that are expected from holding an equivalent instrument with the same risk (generally expressed in percentage terms and called the convenience yield).
Money market - The money market is the financial market for short-term borrowing and lending, typically up to one year. This contrasts with the capital market for longer-term funds.
Money fund - Money funds (or money market funds, money market mutual funds) are mutual funds that invest in short-term debt instruments. They provide the benefit of pooled investments, as investors can participate in a more diverse and high-quality portfolio than they otherwise could individually.
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