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Key Points to remember
How Mutual Funds Work
  • Advantages
  • Disadvantages
    Different Types of Funds
  • Money Market Funds
  • Bond Funds
  • Stock Funds
    Buying and Selling Funds
    How Funds Can Earn Money
    Factors to Consider
  • Fees
  • Opering Expenses
  • Classes of Funds
  • Tax Consequences
    Avoiding Common Pitfalls
  • Sources of Information
  • Past Performance
  • Beyond_Name
  • Banks Product verses Mutual Funds
    Glossary
    Cost Calculator
    Related Reference
  • Index Funds
  • Other Investment Types
  • Hedge Funds
  • Money Market
  • Exchanging Shares
  • Derivatives
  • No-Load Funds
  • Tax Exempt Funds
  • Breakpoint

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    Money Market Deposit
    This Content is sourced from the SEC brochure
    Invest Wisely: An Introduction to Mutual Funds

    Don't confuse a "money market fund" with a "money market deposit account." The names are similar, but they are completely different:

    • A money market fund is a type of mutual fund. It is not guaranteed or FDIC insured. When you buy shares in a money market fund, you should receive a prospectus.
       
    • A money market deposit account is a bank deposit. It is guaranteed and FDIC insured. When you deposit money in a money market deposit account, you should receive a Truth in Savings form.