Chase bank has this at the END of their disclosure "NOT FDIC INSURED No Bank Guarantee May Lose Value ....?"

Question

Does that mean my money is NOT safe? I have wayyy less than $100,000 in my money market acct, but I'd like to know what I do have in there is safe! If not, what bank should I put my money in?

Answer 1

I just pulled up the website and the actual disclosure is:

Investment Products: Not FDIC Insured - No Bank Guarantee - May lose value

This means that if you're investing with the bank (Cd's, Ira's, etc) then you're money is not protected. If you just have a regular checking/savings account then you should be fine. However, I would suggest that you contact the bank's customer service department: 1-800-935-9935 and ask a representative there.