If you’ve decided to use a money market account to benefit from higher interest rates and to avoid the risks associated with other investments, your next decision is deciding which money market account to open. Money market accounts are just like savings accounts in that the money you deposit is insured by the Federal Deposit Insurance Corporation (FDIC), so even if the bank holding your money goes bankrupt – the government guarantees you will not lose your money. This government guarantee makes
Tagged with: Deposit Insurance Corporation • Federal Deposit Insurance • Federal Deposit Insurance Corporation • Federal Deposit Insurance Corporation Fdic • Government Guarantee • Insurance • Interest Rates • Investments • Money Market Account • Money Market Accounts • Savings Accounts
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