Key Takeaways Types of demand deposit accounts include checking accounts, savings accounts and money market accounts. Checking accounts are the most accessible type of DDA, allowing for frequent ...

Two primary categories of accounts are defined as time deposit accounts and demand deposit accounts. It can be worthwhile to understand the differences between a demand deposit vs. time deposit ...

A savings account is considered high-yield if it pays more than a financial institution’s regular demand deposit or passbook savings accounts. High yield savings accounts are typically money ...

Learn more about it. Demand deposit accounts (DDAs) are bank accounts that allow customers to withdraw their funds at any time. Common demand deposit accounts include checking, savings ...

A demand deposit account is the account that holds these funds. Demand deposit accounts may pay interest, but because you can withdraw your money at any time, the rates are typically low.