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. National Credit Union Administration ...

    An agency of the United States federal government that was created ...
  3. Demand Deposit

    Funds held in an account from which deposited funds can be withdrawn ...
  4. Chartered Bank

    A financial institution whose primary roles are to accept and ...
  5. Retail Banking

    Typical mass-market banking in which individual customers use ...
  6. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. ...
Related Articles
  1. Options & Futures

    Do Money-Market Funds Pay?

    This investment provides security, but its returns may not be adequate for long-term investors.
  2. Options & Futures

    Demystification Of Bank Accounts

    Find out which type of account suits your specific needs.
  3. Options & Futures

    I have a short period of time (1 year or less) during which I will have money to invest. What are my ...

    If you only have a short period of time in which to invest your money (i.e. less than one year), there are several investment options you should consider outside of the typical checking and savings ...
  4. Retirement

    The Money Market

    If your investments in the stock market are keeping you from sleeping at night, it's time to learn about the safer alternatives in the money market.
  5. Investing Basics

    Five Successful Investing Strategies

    The secret to investing is that there is no secret. Success is all about knowing yourself, getting the basics and using both to make the right choices.
  6. Bonds & Fixed Income

    How do I buy treasury bills?

    Discover how Treasury Bills (T-bills) are a safe-bet investment for short-term returns. The percentages on the returns vary.
  7. Bonds & Fixed Income

    Certificates Of Deposit

    Safety is a hallmark of the traditional certificate of deposit (CD) sold by a bank or credit union.
  8. Bonds & Fixed Income

    The Treasury And The Federal Reserve

    Find out how these two agencies create policies to stimulate the economy in tough economic times.
  9. Bonds & Fixed Income

    Introduction To Commercial Paper

    Commercial paper is a short-term instrument that can be a viable alternative for retail fixed-income investors looking for a better rate of return on their money.
  10. Savings

    Money Market Accounts vs. Savings Accounts

    An interest-bearing account that pays a higher interest rate than a savings account and gives the account holder limited check-writing ability.

You May Also Like

Hot Definitions
  1. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
  2. Federal Funds Rate

    The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution ...
  3. Fixed Asset

    A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be ...
  4. Break-Even Analysis

    An analysis to determine the point at which revenue received equals the costs associated with receiving the revenue. Break-even ...
  5. Key Performance Indicators - KPI

    A set of quantifiable measures that a company or industry uses to gauge or compare performance in terms of meeting their ...
  6. Bank Guarantee

    A guarantee from a lending institution ensuring that the liabilities of a debtor will be met. In other words, if the debtor ...
Trading Center