Money market
Is money market a savings account and is there a chance to loose any money with this
Terry Says
If you open a money market deposit account at a bank, it is covered by FDIC insurance. Read this:
https://www.fdic.gov/resources/deposit-insurance/financial-products-insured
If you open a money market mutual fund account, it is covered by SIPC — Securities Investor Protection Corp, and covered up to $500,000 against fraud.
