0
Is a high yield money market account covered by the FDIC insurance?
Wiki User
∙ 14y ago
Yes, a high yield money market account covered by the FDIC insurance. You can read about the rules and policies at www.capitalone.com/directbanking/money-market-accounts/ -
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Which of the following savings plan is not covered by federal deposit insurance?
money market
Where can a person compare motorbike insurance?
Motorbike insurance can be compared on Nationwide, Money Saving Expert, Money Supermarket, Insurance Hotline, Way 2 Insure, Compare The Market and Be Covered.
What are the benefits of a money market IRA?
The major benefits of a money market IRA are the flexible terms that allow you the freedom to manage your money to take advantage of current market trends. You're also covered for up to $250,000 by FDIC insurance.
Does a bank have insurance on my money?
If your bank is FDIC insured then your deposits are covered by the US government. Each account will have a maximum insurance limit which changes from time to time.
What exactly is a fdic insurance?
FDIC stands for Federal Deposit Insurance Corporation. Fdic insurance allows you to be covered and not lose any money when having a deposit account if your financial institution fails.
How are money market savings accounts different from regular savings accounts?
A money market savings account is a special kind of savings account. Money market account holders receive more money on their return. Money markets are secure.
What is a type of savings account?
money market account
How do I open a money market account over the Internet?
You can open a money market account over the Internet at https://www.zionsbank.com/isavings_info.jsp - . Another good place to opne an account is www.bankofinternet.com/money-market-savings.aspx
What are money market accounts?
Money market account is an account that deal with financial matters in the money markets. Money market account usually requires a higher minimum balance or higher rate of interest in order for one to earn interest on the deposit money.
Is stolen money covered in renters insurance?
No, cash is not covered, same on homeowners policy, not covered.
Is your money safe in an online savings account?
The Federal Deposit Insurance Corporation (FDIC) protects the money in the bank accounts of U.S. consumers. Before opening an online savings account, contact the FDIC to see if your bank is covered by this insurance. The FDIC website has a tool that can help you with this process. Visit http://www2.fdic.gov/idasp/main_bankfind.asp. As long as the online savings account is FDIC insured, your money should be safe. You can visit the FDIC website (www.fdic.gov) to check and make sure that the institution in which you plan to open an account is covered.
What are the advantages and disadvantages of a money market account?
A money market account is like a savings account. The disadvantage is that there will not be much interest or return. The advantage is , subject to the restrictions stated when you open the account, you can quickly get all your money out.
