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The purpose of a Fidelity money market fund is to generate revenue. The funds in a Fidelity money market fund are not guaranteed or insured. It is a type of fund that is very liquid, money is usually available by the next day.
Yes
$250,000
$250,000 A+
$250,000
The purpose of a Fidelity money market fund is to generate revenue. The funds in a Fidelity money market fund are not guaranteed or insured. It is a type of fund that is very liquid, money is usually available by the next day.
Yes
$250,000
$250,000
$250,000 A+
$250,000
Yes if they are in an institution otherwise covered by the FDIC and are within the coverage limits.
Money market mutual funds are safe and extremely liquid. There are usually no fees associated with transactions in money market funds. Most brokerage accounts provide access to money market funds which can be used to park funds from stock or bond sales pending reinvestment. The drawbacks to money market funds are that the interest rate paid is only a fraction of a percent and the money held in brokerage accounts is not insured against loss by the FDIC. CDs and savings accounts offered by banks offer higher rates of interest and are insured against loss by the FDIC.
Some of the safest financial instruments include Savings accounts, which always grant easy access to your money and are often insured. Money Market Deposit Accounts also provide this as well, along with being insured by the FDIC.
For the most part these type of accounts are not backed by the FDIC. You should check your local banking institution to make sure.
YepMoney market savings accounts are insured by the FDIC if the account's at a bank. They're insured by the NCUA if the money market account is at a credit union.yes they are insured up to 100,000 dollars during the credit crisis this limit was raised to 250,000 per account. Thus if you have more money than distribute it amongst several banks
High Fidelity grossed $27,277,055 in the domestic market.