MONEY MARKET ACCOUNT EXTRA - MMAX
An account structure that gives depositors the capacity to acquire FDIC insurance on huge deposits that exceeded the insurance limit of $250,000. It lets banks to attract large depositors including the retail, commercial, and public sectors.
By using this program, banks can receive deposits way above the FDIC-insurance limit from any one retail or commercial client in money market deposits. These funds are allocated into deposit accounts among several banks in IDC’s Deposit Network. No customer can deposit more than $250,000 in any bank.
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SEE FOREX TUTORIAL
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 11:00 | Ifo Business Climate Index | Jan | |
| 11:00 | Ifo Current Assessment | Jan | |
| 11:00 | IFO - Expectations | Jan | |
| 15:30 | Durable Goods Orders | Nov | |
| 16:00 | NBB Business Climate | Jan | |
| 01:50 | Corporate Service Price Index | Dec | |
| 02:01 | BRC Shop Price Index | Jan | |
| 02:30 | NAB Business Confidence | Dec | |
| 04:00 | Credit Card Spending | Dec |
