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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (82342)	2/19/2002 10:10:25 PM
From: Square_Dealings	Read Replies (1) \| Respond to of 116753

home.flash.net Is Your Money Market Account Protected by FDIC? The article I published on Friday (Feb 15th) prompted one visitor to write asking this question. Today I found out the answer and I am posting it here because it's an important question. Bank accounts are protected up to $100,000 except money market accounts. If you have stock brokerage accounts, they are protected up to $50,000,000 (50 million) except money market accounts. The reason is that money market accounts are maintained by an outside company NOT by the bank OR by the stock brokerage company. Among all money market accounts, the ones deemed the safest are those that limit the investments to short-term (under 30 days) US government notes/bonds. My broker warned me that there are some accounts being sold as if they were "money market" accounts but using longer term notes/bonds. He says have a slightly higher yield and are more risky. This issue may be very important to you. If so, don't stop with the information above, ASK an official at the institution where you do business before close any accounts of move any money.