Money Market Accounts - FDIC Insured?

Safety is important for a lot of savers. One of the best ways to ensure your savings won't get wiped out is by having them FDIC insured.

Most bank savings accounts, checking accounts, and CDs are FDIC insured, but there are limits and exceptions. What about other types of accounts?

Once you get beyond a plain-vanilla bank account, your funds may not be insured. A reader recently wrote asking about money market accounts. These accounts are insured, but money market funds may not be insured. Make sure you know which one you have -- especially if you're concerned about safety.

Do you use a credit union? Then NCUSIF insurance will keep your savings safe.

Further reading:

• Money Market Account Basics
• How FDIC Insurance Works