|
|
« Previous McArdle | Next McArdle » |
|
Money market fund or money market deposit account? The difference matters.
By
If you do have cash in a money market, you should know which kind you have. The New York Times does a good job of explaining the difference:
A money market deposit account, on the other hand, is entirely different. It is an interest-bearing bank account that is insured -- up to $100,000 per account and up to $250,000 for some retirement accounts -- by the Federal Deposit Insurance Corporation. Joint accounts are insured for $100,000 per account holder.
Presented by



























Join the Discussion
After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus