Money Market Funds vs. Money Market Deposit Accounts

I received a number of viewer e-mails with questions about money market funds. I want to clarify the difference between a money market fund and a money market deposit account. A money market fund is one type of mutual fund that is invested in low-risk securities — such as U.S. Treasury bonds. Money invested in a money market mutual fund is not insured. Separately, a money market deposit account is an investment in an interest-bearing bank account that is federally insured if the bank is...Full Story
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