Tyson: Money market funds are not FDIC-insuredHouston Chronicle
Money market funds,which are investment products you can put money into through a brokerage, are generally not FDIC-insured. The similarly named money market accounts at FDIC-insured institutions typically are insured. If you have questions about what is and is not insured, contact your financial ...
Mutual funds (including money market funds) Life insurance policies Safe deposit boxes or their contents U.S. Treasury bills, bonds or notes Exchange traded funds Annuities Cash held in the Schwab One®Interest Feature Non-deposit products: are not insured by the FDIC; are not deposits; and ...
Amid the troubles surrounding cryptocurrency lender Voyager Digital, United States banking regulatory bodies have ordered the company to correct misleading statements suggesting that customers’ funds were FDIC-insured. FDIC and the Fed Call Voyager’s Insurance Claims “False and Misleading” A joint.....
Are all bank products FDIC insured? No. FDIC insurance covers deposit accounts, such as checking and savings accounts, money market deposit accounts and certificates of deposit. Investment options, such as stocks, bonds and mutual funds, aren’t insured by the FDIC. ...
Koontz’s insights into what the FDIC does and how it can assist you as a bank customer should help you gain confidence about opening an FDIC-insured bank account. That could include anonline savings account, acashback debit account, acertificate of deposit(CD), amoney market account, anIRA...
According to the FDIC, funds deposited intomoney market accountsoffered by FDIC-insured institutions areprotected up to the maximum per law, just like FDIC-insured savings accounts. Money market mutual funds, however, are not protected by the FDIC. Why not? Money market accounts are a type of...
Cashier's checks, money orders, and other official items issued by a bank The FDIC does NOT cover (even if purchased at an insured bank): Stock investments Bond investments Mutual funds Life insurance policies Annuities Municipal securities ...
However, if you purchase mutual funds, annuities, or other investment products through your bank, those assets are not insured by the FDIC even if they carry the bank name. The FDIC, which is an independent agency of the federal government, also regulates more than 5,000 state chartered bank...
some insured by the FDIC and some not. If a given type of account is FDIC-insured when it includes regular funds, it is also insured when those funds are part of an IRA. IRA funds deposited in a standard savings account or money market deposit ...