plewis_·8 ปีที่แล้ว·discussYou're right, I was confusing a money market mutual fund with a bank money market account.
plewis_·8 ปีที่แล้ว·discussMoney markets are not covered by the FDIC or NCUA. [1] During the financial crisis, the Reserve Primary Fund "broke the buck" and lost principal for investors. [2][1] https://www.consumerfinance.gov/ask-cfpb/what-is-a-money-mar...[2] https://en.wikipedia.org/wiki/Reserve_Primary_Fund