This bank account is operated to lend money to other people or institutions. The banks pay more interest only if they receive more interest against that investment.

Opening a Market money account
Such an account can be opened at most of the nationalized or private banks, other financial institutions, credit unions, or mutual fund companies. It is important to open such a market money account with an initial account balance between $1,000 to $2,500. To open a money market account, you need to go to the institution you wish to open the account, fill up the legal documents.

Making Transactions form a Market money account
Transactions can be made any moment form such a market money account. This is done generally by means of cheque. You can deposit money to your bank account any moment by means of wire transfer, account-to-account transfer, or bank transfer. As money of such an account is used to purchase shares for the open market, therefore, they offer certain incentives to you after each deal or after a certain period. It depends upon the bank and your choice.

How is interest paid to you?
Most of the banks or financial institutions get the interest on daily basis, but the interest that is due to your account is transferred to your account only once a month. You certainly need to check your account once in every month and get it updated then itself. 

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