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. Money Market

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

    Funds held in an account from which deposited funds can be withdrawn ...
  4. Retail Banking

    Typical mass-market banking in which individual customers use ...
  5. Chartered Bank

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

    An agency of the United States federal government that was created ...
Related Articles
  1. Do Money-Market Funds Pay?
    Options & Futures

    Do Money-Market Funds Pay?

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

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

  3. Demystification Of Bank Accounts
    Options & Futures

    Demystification Of Bank Accounts

  4. The Money Market
    Retirement

    The Money Market

comments powered by Disqus
Hot Definitions
  1. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  2. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  3. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  4. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  5. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  6. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
Trading Center