Unlike money market accounts, money market funds are not insured by the FDIC or NCUA. How to Invest in Money Market Accounts Financial consumers can open a money market account directly at a bank or credit union, or via online banking and credit union platforms. The experience is similar to...
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...
vs. savings account story. On the savings side, with a money market account, you can typically earn interest on the balance you have stashed away. If the bank offering the account is FDIC insured, then your deposits are insured up to $250,000 per depositor, per account ownership category...
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...
Additionally, money market accounts are one of the safest ways to save your money. They’re generally federally insured — by theFederal Deposit Insurance Corporation (FDIC)if your account is with a bank, or by theNational Credit Union Administration (NCUA)if it’s with a credit union. This...
FDIC Insured This account is FDIC insured. Open NowRates & Fees Qualify for the 6-month bonus APY Meet the following requirements to earn the bonus rate for 6 months, with the variable standard or relationship rate thereafter. 1 Open Your Account ...
Typically, your money also has some protection in a money market account. Like savings accounts, they areFDIC-insured, which means up to $250,000 of it is insured by the full faith and credit of the U.S. government. Table of Contents ...
It’s FDIC- or NCUA-insured You have enough for the initial deposit There are no penalties to withdraw your money (that rules outCDs) You don’t have to pay monthly maintenance fees (or any otherfees) And hey, if you want to split up your savings into both a money market accountanda...
Money Market Account What is a money market account and how does it fit into your financial plan? Learn to compare yield to other savings and investment vehicles and where the best money market accounts are to be found. Money Market Account Guide ...
Find out which savings vehicle is a better investment for your needs and financial situation—a money market account (MMA) or a certificate of deposit (CD).