BanxQuote Money Markets Index


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).

BREAKING DOWN '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.

  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. Chartered Bank

    A financial institution whose primary roles are to accept and ...
  4. Demand Deposit

    Funds held in an account from which deposited funds can be withdrawn ...
  5. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. ...
  6. Retail Banking

    Typical mass-market banking in which individual customers use ...
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  1. I have a short period of time (1 year or less) during which I will have money to ...

    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 ... Read Full Answer >>
  2. Are mutual funds considered cash equivalents?

    Though all mutual funds are considered liquid assets, only certain funds are considered cash equivalents. What Is a Cash ... Read Full Answer >>
  3. Why is my 401(k) not FDIC-Insured?

    401(k) plans are not FDIC-insured because they are typically composed of investments rather than deposits. The Federal Deposit ... Read Full Answer >>
  4. What are some examples of money market funds?

    Money market mutual funds are designed to offer savers low-risk, liquid and short-term investments. They are normally offered ... Read Full Answer >>
  5. For what types of accounts are demand deposits available?

    There are essentially three types of accounts available as demand deposits: checking accounts, savings accounts and money ... Read Full Answer >>
  6. Under what circumstances would someone enter into a repurchase agreement?

    In finance, a repurchase agreement represents a contract between two parties, where one party sells a security to the other ... Read Full Answer >>

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