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Money market accounts and money market mutual funds are not the same thing and are not protected the same way.
by IAmGraydon 4y ago
Money market accounts and money market mutual funds are not the same thing and are not protected the same way.
- ceejayoz 4y agoThe parent poster said "money market funds". Money market accounts are protected by FDIC: https://www.consumerfinance.gov/ask-cfpb/is-a-money-market-account-insured-en-1007/ https://www.consumerfinance.gov/ask-cfpb/is-a-money-market-a... > Yes. Like other deposit accounts, money market accounts are insured by the FDIC and NCUA up to $250,000 for each account holder. You're protected by something either way.