BanxQuote Money Markets Index

AAA

DEFINITION of 'BanxQuote Money Markets Index'

A money market index, which can be used as a rate-comparison tool by consumers and financial institutions. BanxQuote provides many kinds of data and tools. The money market index gives national, regional, state and local compendiums of money market rates offered by representative lending institutions. Rates are gathered from commercial banks and savings and loan institutions, as well as local certificates of deposit (CDs).

INVESTOPEDIA EXPLAINS 'BanxQuote Money Markets Index'

BanxQuotes and similar information aggregators offer a valuable service to consumers by comparing local and national money market and CD rates.  It provides benchmarks for both lenders and borrowers alike, and its rates are often quoted in financial media publications.

RELATED TERMS
  1. Money Market Account

    An interest-bearing account that typically pays a higher interest ...
  2. Chartered Bank

    A financial institution whose primary roles are to accept and ...
  3. National Credit Union Administration ...

    An agency of the United States federal government that was created ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. ...
  5. Money Market

    A segment of the financial market in which financial instruments ...
  6. Demand Deposit

    Funds held in an account from which deposited funds can be withdrawn ...
Related Articles
  1. Do Money-Market Funds Pay?
    Options & Futures

    Do Money-Market Funds Pay?

  2. Demystification Of Bank Accounts
    Options & Futures

    Demystification Of Bank Accounts

  3. I have a short period of time (1 year ...
    Options & Futures

    I have a short period of time (1 year ...

  4. The Money Market
    Retirement

    The Money Market

Hot Definitions
  1. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  2. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  3. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
  4. Parity Price

    When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles - the price ...
  5. Earnings Multiplier

    An adjustment made to a company's P/E ratio that takes into account current interest rates. The earnings multiplier is used ...
  6. Macroeconomics

    The field of economics that studies the behavior of the aggregate economy. Macroeconomics examines economy-wide phenomena ...
Trading Center