Skip to main content
An official website of the United States government
(855) 411-2372
Submit a Complaint
Search

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.

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.

Don't see what you're looking for?

Browse related questions

Was this answer helpful to you?

Please do not share any personally identifiable information (PII), including, but not limited to: your name, address, phone number, email address, Social Security number, account information, or any other information of a sensitive nature.