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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.
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
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.
The FDIC insures up to $250,000 of deposit products (like CDs, savings accounts, and money market deposit accounts) held in all retirement accounts you have at the same bank.
Depending on the financial institution, a money market account can come with FDIC or NCUA insurance, which protects your funds for up to $250,000. Unlike a traditional savings account, money ...
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