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
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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
- The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and the Federal Reserve System are refocusing their joint supervision on material financial risk.
- Federal Reserve actions are influencing national rates tracked by the FDIC, while Marcus offers CD rates through Goldman Sachs.
Related events
- The FDIC guarantees deposits at commercial banks, while the Fed's rate-raising cycle influences Certificate of Deposit yields offered by institutions like EagleBank and American Express.
- FDIC confirms traditional savings account insurance limits, and TreasuryDirect allows direct purchases of T-bills.
- The National Credit Union Administration (NCUA), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) are confirmed as independent federal agencies.