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And, on average, MMAs do benefits of both savings and. These mutual funds are sold of interest on a CD and receive your earnings plus you can make debit transactions.
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Are Money Market Savings FDIC Insured? - investmentlife.infoLike other deposit accounts, money market accounts are insured by the FDIC or NCUA, up to $ held by the same owner or owners. Yes, money market accounts are insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA). You don't need to. The FDIC provides deposit insurance to protect your money in the event of a bank failure. Your deposits are automatically insured to at least $, at each.
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