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Which type of savings account is NOT insured by the government?
Investment accounts, such as brokerage accounts or mutual fund accounts, are not insured by the government. Unlike savings accounts offered by banks or credit unions, which are typically insured by the FDIC or NCUA up to certain limits, investment accounts carry market risk and potential losses. It's important for investors to understand that while these accounts can offer higher returns, they also come with greater risk.
Is chase bank insured by the NCUA?
No, it is not. Only credit unions are insured by the NCUA, which stands for the National Credit Union Association.
Where can one make a money market deposit?
Money market funds are available at all or almost all banks and credit unions. They are generally insured up to $250,000 against bank/credit union failure.
Which has the best savings accounts banks or credit unions?
Savings accounts opened with credit unions can generally give you better interest rates and lower fees. Credit unions are nonprofit, whereas banks are not.
Is a credit union FDIC insured?
No, the National Credit Union Administration (NCUA) insures the Credit Unions.
Which type of savings account is NOT insured by the government?
Investment accounts, such as brokerage accounts or mutual fund accounts, are not insured by the government. Unlike savings accounts offered by banks or credit unions, which are typically insured by the FDIC or NCUA up to certain limits, investment accounts carry market risk and potential losses. It's important for investors to understand that while these accounts can offer higher returns, they also come with greater risk.
What financial institution sometimes call their checking accounts share draft accounts?
credit unions
Is chase bank insured by the NCUA?
No, it is not. Only credit unions are insured by the NCUA, which stands for the National Credit Union Association.
Where can one make a money market deposit?
Money market funds are available at all or almost all banks and credit unions. They are generally insured up to $250,000 against bank/credit union failure.
Which has the best savings accounts banks or credit unions?
Savings accounts opened with credit unions can generally give you better interest rates and lower fees. Credit unions are nonprofit, whereas banks are not.
Is a credit union FDIC insured?
No, the National Credit Union Administration (NCUA) insures the Credit Unions.
Where can one look to find a bank online that has money market accounts?
There are many banks that have online services and money market accounts. Check out TD, Royal Bank, Bank of Montreal, ScotiaBank and even credit unions.
What institutions sometimes call their checking accounts share draft accounts?
credit unions
What is something that makes for a safe credit union?
Most credit unions are insured by the NCUA which is similar to the FDIC insurance carried by most banks. Being NCUA insured makes for a safe credit union.
What financial institutions sometimes call their checking accounts shared draft accounts?
credit unions
Financial institutions sometimes call their checking accounts share draft accounts?
credit unions
Which of these financial institutions sometimes call their checking accounts share draft accounts?
credit unions
