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by Answerbag Staff on July 12th, 2010

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Is a money market subject to the FDIC limit?

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  • by Matthew Bonadio on July 12th, 2010

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    The FDIC insurance limit of $250,000 applies to bank money market accounts. Co-owners of an account are insured up to $250,000 each. Money market mutual funds are not insured by the FDIC.

    References:

    Federal Deposit Insurance Corporation: Insured or Not Insured

    Federal Deposit Insurance Corporation: Deposit Insurance Coverage

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