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Is a mutual fund the same as a money market account 2024?

Carter Wilson | 2023-05-07 11:49:50 | page views：1731
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Jackson Cooper

Works at Apple, Lives in Cupertino, CA
The primary risk of the money market mutual fund is that, unlike the money market account, the fund is not insured by the Federal Deposit Insurance Corporation (FDIC). In case of bank failure, investors will lose their money from the mutual fund but not from the money market account.
2023-05-08 11:49:50
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Oliver Kim

QuesHub.com delivers expert answers and knowledge to you.
The primary risk of the money market mutual fund is that, unlike the money market account, the fund is not insured by the Federal Deposit Insurance Corporation (FDIC). In case of bank failure, investors will lose their money from the mutual fund but not from the money market account.
Money Market Vs. Mutual Fund | Chron.com
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