Is a money market account insured?

Money market mutual funds, however, are not federally insured. These are offered by brokers and other entities that are not banks or credit unions.

If you have multiple accounts with a bank or credit union, talk to your bank or credit union to confirm your coverage.

For information on FDIC insurance, visit the FDIC’s Electronic Deposit Insurance Estimator on its website  or call the FDIC Call Center at 1-877-275-3342 (1-877-ASKFDIC) (for the Hearing Impaired, call 1-800-925-4618). The NCUA has a similar web tool for credit union account insurance.