Money market accounts are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum. This means that in the highly unlikely event that your bank fails, your money will be refunded or transferred to a similar account[1]. What Are High-Yield Savings Accounts? High-yield sav...
Offers virtually risk-free safety: You cannot lose money on a money market account, and if you open it at an FDIC-insured bank or NCUA-insured credit union, your deposits are federally insured in the unlikely scenario that the institution fails. ...
It states that money market accounts opened through a bank are insured by the Federal Deposit Insurance Corporation (FDIC), and credit unions insure the accounts through the National Credit Union Administration. Included in the article are the different types of money market accounts such as the ...
Money market accounts, or MMAs, are deposit accounts insured by the FDIC or NCUA. They often come with a debit card and typically offer higher rates than savings accounts. What is a money market account? Money market accounts combine the features of checking and savings accounts and are ofte...
Money market account vs. money market mutual fund: How they differ Money market accounts are bank products that offer higher interest rates than atypical savings account. They are available through mostbanks and credit unions, and insured by theFederal Deposit Insurance Corporation(FDIC) or by the...
Money market funds aren't insured against loss by the FDIC.5They are required to comply with guidelines set by theSecurities and Exchange Commission (SEC).6 What Is the Safest Kind of Money Market Account? U.S. government money market funds are typically thought to be the safest kind of ...
Security Service Money Market Plus Insured by NCUA APY 2.53% Min. Balance to Earn APY $0 Learn MoreFrom Our PartnerMore Details Frost Bank Frost Money Market Account Member FDIC APY 1.55% Min. Balance to Earn APY $0 Learn MoreFrom Our Partner Loading... Data Updated: 1/28/2025 U.S. Ne...
Money market accounts at a credit union are not FDIC-insured.If you open a money market account at a credit union, your funds are insured by theNational Credit Union Administration (NCUA). Money market returns are guaranteed.Although money market rates aren’t as high as they once were, the...
Money Market Account A rewarding way to earn more on your money. Make your savings work harder for you with Webster Bank’s Personal Money Market Account. This interest-bearing deposit account is FDIC-insured and makes an excellent companion to any of our personal checking accounts. Plus, with...
You might wonderhow interest works on a savings account. Like money market accounts, you can earn interest on the money you have parked in the account. If you have a savings account with a bank that is FDIC insured, you’ll have that same insurance on your deposits, as was described ...