Are money markets insured under the FDIC?

Answer According to the Federal Deposit Insurance Corporation, money market deposit accounts are insured up to $250,000. On the other hand, money market mutual funds are not considered deposit accounts, a... Read More »

Top Q&A For: Are money markets insured under the FDIC

Are all bank money markets FDIC insured?

The Federal Deposit Insurance Corporation (FDIC) fully insures bank money market accounts up to the legal limit of $250,000 (and more, under certain circumstances). However, the FDIC notes that mo... Read More »

Are money markets insured by the U.S. government?

According to the U.S. Securities and Exchange Commission (SEC) website, the U.S. government does not insure money market funds. Money markets are mutual funds which invest in low-risk securities (a... Read More »

Are Money Market Investments FDIC Insured?

The Federal Deposit Insurance Corp. (FDIC) provides insurance protection for qualified deposit accounts at member banks. Deposit insurance is currently provided up to $250,000 per depositor, per i... Read More »

Are money market funds FDIC insured?

Money market deposit accounts are covered by FDIC insurance for up to $250,000 per person, per financial institution. Money market mutual fund accounts are not FDIC insured because they are investm... Read More »