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.
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