Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Demand Deposit Account

Fannie Mae

Updated 10-31-2026

Demand Deposit Account

A bank account in which the funds are available for withdrawal at any time without penalty.

Fannie Mae Glossary of Terms

Fannie Mae · p. 12

FreddieMac

Updated 10-31-2026

Demand Deposit Account

For Custodial Accounts, a Demand Deposit Account is a deposit account from which funds may be withdrawn by the Servicer/depositor immediately and without any advance notice of intended withdrawal or any restrictions on the frequency of withdrawals.

FreddieMac Glossary

FreddieMac · p. 12

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