ANSWERS: 1
  • According to the Federal Deposit Insurance Corporation's (FDIC), money market deposit accounts "generally are insured by the FDIC up to the legal limit of $250,000 and sometimes even more..." Also generally covered by the FDIC are savings, checking, IRA, certificates of deposit (CDs), and trust accounts. Check with the bank to make sure with all accounts, however.

    Source:

    FDIC: Insured of Not Insured?

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