Is a money market account insured?
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.
Take the next step
Submit a complaint
We’ll forward your issue to the company, give you a tracking number, and keep you updated on the status of your complaint.