What are some of the money market fund with the highest yields that are FDIC insured?

Question

Paypal's is 5.02%, but is not FDIC insured.
Capital One's is 4.80%, and is FDIC insured.

Answer 1

Do you mean a money market fund, or a money market "account?"

Money market funds are completely different from money market accounts and money market instruments. Money market accounts are basically special kinds of savings accounts that you can open at any local bank, and a money market instrument is a form of highly-liquid short-term debt security. Furthermore, unlike a bank account, returns from money market funds are not guaranteed even though they are lower risk. Their stability rests solely upon the investments that make up their portfolios and it is possible for the fund to lose money, although the odds of this occurring are rare.

Taxable funds mainly invest in U.S. Treasury securities, government agency securities, repurchase agreements, CDs, commercial paper and bankers' acceptances. Many other varieties of different investments are eligible for taxable money market funds. For instance, if you are partial to the housing sector, you can buy a money market fund that solely invests in Fannie Maes.

Tax-free funds, on the other hand, do not come in such wide varieties. These funds invest in the short-term debt obligations issued by federally tax-exempt entities and are usually lower yield. In some areas, you can purchase tax-free funds that exempt you also from state and local taxes; however, these kinds of exemptions are exceptions rather than the norm, so be sure to check out all the details before you decide to purchase one.

Answer 2

Money markets through a Bank are insured by FDIC. If you put it in Mutual Funds, they are not insured by FDIC .If you got High Yield, the minimum to transfer to your checking account is usually $10,000. So if you need $1000.00,Just transfer the 10,000 then put back the 9,000 back in the High Yield.

Answer 3

go to money-rates.com