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Bankwest.com.AU Bank of Western Australia Ltd ABN 22 050 494 454 ADSL 236872Money Market Deposit Account Product Disclosure Statement DescriptionDescription A Money Market Deposit Account (MDA) is

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What is a money market deposit?

A money market deposit is a type of savings account that typically offers a higher interest rate than a traditional savings account.

Who is required to file a money market deposit?

Individuals or organizations who have a money market deposit account are required to report it on their taxes.

How to fill out a money market deposit?

To fill out a money market deposit, you will need to report the account information, interest earned, and any withdrawals made during the tax year.

What is the purpose of a money market deposit?

The purpose of a money market deposit is to earn interest on your savings while still having the ability to access your funds.

What information must be reported on a money market deposit?

You must report the account number, financial institution, interest earned, and any withdrawals or deposits made during the tax year.

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