What is and is not insured by the FDIC
Like I keep saying, if I knew anything about money, I'd have some. This was a confusing point for me:
Do not confuse a money market mutual fund with an FDIC-insured money market deposit account (described earlier), which earns interest in an amount determined by, and paid by, the financial institution where your funds are deposited.
Fortunately, my "money market" account is FDIC-insured, since it's a deposit account. Is yours?