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However, one important difference is that interest rates on money market accounts are usually higher than those offered by standard savings accounts. But does the Federal Deposit Insurance Corp ...
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 is a type of interest-bearing ... MMAs are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA ...
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.
FDIC insurance. Cons: Minimum deposit requirements. Transaction limits. The interest rate is not fixed, so it could fall ... Also, money market account interest rates fluctuate based on the prime ...
The Federal Deposit Insurance Corporation (FDIC) and National Credit Union Administration (NCUA) insure up to $250,000 in a money market account, so you can be confident you won’t lose your ...
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.
This article provides the most up-to-date average money market account annual percentage yield, which is 0.49 percent, and insight as to why knowing the average money market account rate is important.