Who Runs the FDIC? A five-member board oversees the FDIC. All of the members are nominated by the president and confirmed by the U.S. Senate. Two of the members are the director o ...

A money market account (MMA ... As long as the bank or credit union offering the account is FDIC or NCUA insured, your money is safe up to $250,000 per depositor, for each ownership category.

Sallie Mae’s money market account includes check-writing features and has no withdrawal limits. It also has a relatively high 3.90% APY, which compounds daily and is paid monthly. Our take Sallie Mae ...

The current national average interest rate on a money market account sits at 0.65%, according to FDIC data from September 2023. Top MMAs often earn rates close to or better than top savings ...

Today's top CDs offer annual percentage yields (APYs) as high as 4.50%. That's more than three times the national average for ...

Plus, savings accounts are protected by FDIC insurance ... a money market mutual fund is an investment product, while a money market account is a deposit account bearing more resemblance to ...

The Federal Deposit Insurance Corporation (FDIC), which protects insured bank deposits, may be facing changes. According to CNN, in late 2024, then-President-elect Donald Trump’s allies were ...

A money market account (MMA) is like a savings and checking ... the national average money market rate is 0.63% APY, according to the FDIC — which is slightly higher than the national average ...

On closer inspection, however, the high-yield savings accounts recommended by WalletHub and Bankrate are generally FDIC-insured ... yield savings is the money market account.

Arguably its most important job is insuring money you’ve deposited at an FDIC-member bank. The FDIC typically insures an account at a bank or savings institution for up to $250,000 in the event ...