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The Balance: What Is a Demand Deposit?

Curated by ACT

Demand deposits are the kinds of bank accounts that most people are familiar with. This article explains what they are and how they differ from other types of accounts such as money market accounts or certificates of deposit.

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now account, certificate of deposit, demand deposit, demand deposit checking, demand deposit savings account, money market account, negotiable order of deposit, timed deposit

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Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)

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