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With a money market account, you earn interest on your account balance as you would with a savings account. However, one important difference is that interest rates on money market accounts are...
If a person has money market accounts at two FDIC-insured banks, each account will be insured separately up to the established limit of $250,000 per depositor, per FDIC-insured bank, per ownership ...
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 are insured by the FDIC or NCUA for up to $250,000 per person, ... and not the government. ... a CD’s fixed rate is guaranteed over the life of your term. Variable APYs can ...
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 combine the features of checking and savings accounts and are FDIC- or NCUA-insured. Money market funds aren’t federally insured or regulated, but can still be a safe place ...
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