I'm wondering if money market accounts are protected by the FDIC. Is this true?

Question

Also, can you lose your money with a money market account?

Answer 1

I believe that Money Market accounts are protected by the FDIC, up to some limit.

But be sure it's not a money market fund that you're looking at. Those are completely different, and can be risky. There's an explanation of the difference at http://www.hiddendangersrevealed.com/ (under the "investments" link)

Answer 2

Make the banks pay you.

Answer 3

Up to 100000.

Answer 4

Yes, money market accounts are FDIC insured, and no, you can't lose money in a money market account.

A money market FUND is not a money market account however. It is not FDIC insured, and you can lose money in it.