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The FDIC only insures money market accounts at FDIC-insured banks. The NCUA insures money market accounts through the National Credit Union Share Insurance Fund.
Deposits in a money market account are protected, up to a maximum amount, when the account is with a bank insured by the Federal Deposit Insurance Corp. (FDIC) or a credit union insured by the ...
FDIC deposit insurance covers deposit accounts, which, by the FDIC definition, include: checking accounts and negotiable order of withdrawal (NOW) accounts (interest-bearing checking accounts with a hold option) savings accounts and money market deposit accounts (MMDAs, i.e., higher-interest savings accounts subject to check-writing restrictions)
Money market accounts come with ironclad protection through the Federal Deposit Insurance Corporation (FDIC) for banks or the National Credit Union Administration (NCUA) for credit unions. If your ...
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.
Money market accounts, on the other hand, are traditional, interest-earning deposit products that are federally insured as long as they are deposited at an FDIC-insured institution. They are ...
Money within a money market account is insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration for up to $250,000 per person, per account.
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.