You're right, I was confusing a money market mutual fund with a bank money market account.
Money markets are not covered by the FDIC or NCUA. [1] During the financial crisis, the Reserve Primary Fund "broke the buck" and lost principal for investors. [2] [1]…
You're right, I was confusing a money market mutual fund with a bank money market account.
Money markets are not covered by the FDIC or NCUA. [1] During the financial crisis, the Reserve Primary Fund "broke the buck" and lost principal for investors. [2] [1]…