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Money market accounts (MMAs) Money market funds (MMFs) Provider. Banks and credit unions. Investment firms and brokers. Insurance. FDIC or NCUA up to $250,000
Money market accounts usually have higher interest rates than interest-bearing checking accounts or standard savings accounts. A money market mutual fund is an investment account.
The money market account offered by Ally Bank is an example of an FDIC-insured money market account. The account earns a competitive yield, and it also comes with a debit card and checks.
A money market account covered by FDIC insurance is protected up to $250,000 per depositor, per insured bank for each account ownership category, according to the FDIC.
Money market accounts are insured by the FDIC or NCUA for up to $250,000 per person, per account. Dig deeper: High-yield savings account vs. traditional savings account: Why it’s worth the ...
Both a money market account and a checking account are FDIC insured up to $250,000 per depositor, per account ownership category, per financial institution. Both are equally safe and are not ...
When you make a deposit in a money market account, it does more than just sit there. It grows. The average money market account rate is currently 0.48 percent, according to Bankrate data. Make ...
You can earn interest: Right now, the best money market accounts pay around 4 to 5 percent annual percentage yield (APY), even outpacing inflation. Deposits are insured: Your money is insured for ...
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related to: are money market accounts guaranteed by the fdic good or bad news