Money Market Deposit Accounts






Protection for Banking and Investment Assets

    

      

        

          
            



          		
          
            Federal Deposit Insurance Corporation (FDIC)
          
          
            Securities Investor Protection Corporation (SIPC)
          
          

            National Credit Union Share Insurance Fund (NCUSIF)
          
          
        

        

          
            What it is
          
          An independent agency of the federal government, backed by the full faith and credit of the U.S. Treasury

          A nonprofit corporation funded by its members, who are broker-dealers registered with the Securities and Exchange Commission 
          An independent agency of the federal government, backed by the full faith and credit of the U.S. Treasury
          
        

        

	          
	            What's covered?
	          
	          All deposits plus interest earned in checking/NOW/savings accounts, money market deposit accounts, and time deposits (e.g. CDs)

	          Investments registered with the SEC and cash in the event that a firm experiences insolvency, unauthorized trading, or securities that are lost or missing from a customer's account 
	          All deposits in regular share accounts, share draft accounts, share certificates
	          
        

        

          What's not covered?
          
Investment losses on any securities, such as mutual funds (including money market funds**), stocks, bonds, life insurance policies, annuities, or other securities

          
Safe deposit boxes


          
Investment losses on any securities

          
Investments that are not registered with the SEC, such as certain investment contracts, limited partnerships, fixed annuity contracts, currency, gold, silver, commodity futures contracts, or commodities options

          
Investment losses on any securities, such as mutual funds (including money market funds**), stocks, bonds, life insurance policies, annuities, or other securities

          
Safe deposit boxes

             
        

        
         

         Limit for single-owner accounts

         $250,000 (includes all such accounts owned by the same person)
         $500,000, including up to $100,000 in cash
         $250,000 (includes all such accounts owned by the same person)
	             
        

        
        

         Limit for retirement accounts
         $250,000 (includes all retirement accounts owned by the same person)

         $500,000 per account, including up to $100,000 in cash
         $250,000 (includes all traditional and Roth IRAs; Keoghs covered separately up to $250,000)
		             
        

        
        

        Limit for joint accounts
        $250,000 per joint owner (includes all joint accounts owned by the same person)
	$500,000 per account

	$250,000 per joint owner (includes all joint accounts owned by the same person)
			             
        

       

       


    

These are some of the most common insured accounts. Additional categories of ownership, such as trusts, may offer additional protection and use category-specific ways of determining coverage limits. All limits apply to accounts at a single institution. If you have accounts at more than one insured institution, you qualify for coverage up to the full amount at each one.



**An investment in a money market mutual fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund.



Before investing in a mutual fund, carefully consider its investment objectives, risks, charges, and expenses, which are contained in the prospectus available from the fund. Read the prospectus carefully before investing.