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Home : Products and Services : Treasury Services : Treasury Management : Optimizing Cash Resources : Money Market Deposit Accounts

Money Market Deposit Accounts

Generate interest from otherwise idle cash

If you have excess cash sitting idle in your checking accounts, you may be missing out on the benefit of short-term-high-yield investments. BMO Capital Markets' Money Market Deposit Accounts (MMDA) give you a high-yield savings account, with check-writing capability.

These accounts can be ideal for companies that frequently wire excess funds to other investment vehicles, are looking for low fees, have few off-shore funds portfolio restrictions, and are ineligible to use sweep investment funds.


Benefits:
Increased profit - interest accrues daily and is paid monthly
Accessibility - make up to 6 withdrawals or transfers per month to 3rd parties or to your accounts at other financial institutions (3 may be by check)
Flexibility - minimum interest-bearing balance is $USD5,000 and there is no maximum
Security - eligible for FDIC insurance up to a maximum of $100,000*

*aggregated with all other deposits of your company held at Harris N.A. in the same capacity

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