Money Market Accounts are insured by the FDIC and NCUA, and their yields loosely track short-term Treasury rates.
2 reports, 1 independent
Updated Sep 2
Gone quiet
- Reports
- 2
- Developments
- 2
- Repetition
- 50%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Money Market Accounts are insured by the FDIC and NCUA, and their yields loosely track short-term Treasury rates.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Medallion Bank's dividends are tied to U.S. Treasury rates and the bank is FDIC-insured.Sub-event
MMAs are insured by FDIC/NCUA and yields follow Treasury rates.1 source
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The entities involved
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Federal Deposit Insurance Corporation
US government agency providing deposit insurance
Nothing else this week.