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Are Bank Money Market Accounts FDIC insured? |
I have read several places that a Money Market Fund is not FDIC insured. That I could indeed loose money. But the Bank I deal with tells me it is FDIC insured and that I cannot lose money. But they will not put it in writing. 5 months ago if I had put my money in silver, I would have doubled my money!!! If your BANK is insured by the FDIC (up to $100,000 per person, per bank), then your money is covered, regardless of what account it is in - including money market accounts. The only exception to this is if your bank is also acting as a broker and is selling you investments that have a risk of loss. Money Markets have a stated interest rate that is guaranteed. That is FDIC insured. Money Market accounts pay almost nothing - I dont think they are worth it. |
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it doesn't sweep anything - just having a balance in your paypal acct, you earn interest, I would imagine until you see the transfer transaction say complete ...A savings account is with a bank, and is insured by the FDIC. A money market fund is a mutual fund that buys very short term debt securities in the markets. Technically, you can lose money in a m... Its an investment account at you can draw from like a checking account... ...Check out Bank Rate www.bankrate.com ...There may be no difference. However, a money market fund typically invests in fixed income securities like government bonds, mortgages, CDs, and corporate bonds in this country. An internatioal fun... If you don't have a good idea of where the market is going, then sitting on the sidelines is a good answer. I prefer to see a market direction to invest in. Capitol preservation is key. N... 20 to 40, 20 to 40 or..........20 to 40 to 80 to 160 to 320. keep it in there and it will compound. ...money market- are the short term fixed income securities, which is: Treasury bills, that is very liquid, they are trading in big denominations, its zero-coupon bonds. Money market Fund means that ... |
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