http://www.americanbankingnews.com/2009/10/27/federal-money-market-guarantee-ends-without-consequence/ News and Information about Banks, Credit Unions and Financial Institutions Fri, 19 Mar 2010 06:00:21 -0700 http://wordpress.org/?v=2.9.2 hourly 1 http://www.americanbankingnews.com/2009/10/27/federal-money-market-guarantee-ends-without-consequence/comment-page-1/#comment-1236 petercrane Wed, 28 Oct 2009 16:06:20 +0000 http://www.americanbankingnews.com/2009/10/27/federal-money-market-guarantee-ends-without-consequence/#comment-1236 Just to clarify, the Temporary Treasury Guarantee which expired was for money market mutual funds, not for bank money market deposit accounts. MMDAs carry FDIC insurance, while money market funds do not. A "money market account" normally refers to an MMDA (or savings account), but it could be a money fund underneath. (You need to know what kind of "account" it is.)<br>Sincerely,<br>Pete Crane<br>Publisher, Money Fund Intelligence Just to clarify, the Temporary Treasury Guarantee which expired was for money market mutual funds, not for bank money market deposit accounts. MMDAs carry FDIC insurance, while money market funds do not. A “money market account” normally refers to an MMDA (or savings account), but it could be a money fund underneath. (You need to know what kind of “account” it is.)
Sincerely,
Pete Crane
Publisher, Money Fund Intelligence

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