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How does a money market account differ from a money market fund 2024?

Oliver Jackson | 2023-05-07 10:50:12 | page views：1143
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Ethan Davis

Works at the International Fund for Agricultural Development, Lives in Rome, Italy.
A money market account like the one offered by Ally Bank is insured by the Federal Deposit Insurance Company (FDIC) up to the maximum amount allowed by law. A money market mutual fund, by contrast, is not FDIC insured, and because it is tied to an investment, it is subject to risk.
2023-05-15 10:50:12
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Zoe Mitchell

QuesHub.com delivers expert answers and knowledge to you.
A money market account like the one offered by Ally Bank is insured by the Federal Deposit Insurance Company (FDIC) up to the maximum amount allowed by law. A money market mutual fund, by contrast, is not FDIC insured, and because it is tied to an investment, it is subject to risk.
What Are Money Market Mutual Funds? Learn about Money Market ...
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