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We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

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Is a money market account insured?

Answer:

Yes. Like other deposit accounts, money market accounts are insured by the FDIC and NCUA up to $250,000 for each account holder.

Money market mutual funds, however, are not federally insured. These are offered by brokers and other entities that are not banks or credit unions.

If you have multiple accounts with a bank or credit union, talk to your bank or credit union to confirm your coverage.

For information on FDIC insurance, visit the FDIC’s Electronic Deposit Insurance Estimator on its website or call the FDIC Call Center at 1-877-275-3342 (1-877-ASKFDIC) (for the Hearing Impaired, call 1-800-925-4618). The NCUA has a similar web tool for credit union account insurance.

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The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.