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Old 03-08-2023, 01:17 PM
retiredguy123 retiredguy123 is offline
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Originally Posted by Aces4 View Post
As I thought. So you think peace of mind isn’t important.
Note that all products sold by banks are not FDIC insured. FDIC deposit insurance only covers certain deposit products, such as checking and savings accounts, money market deposit accounts (MMDAs), and certificates of deposit (CDs). Other products like mutual funds and annuities are not FDIC insured, even if you buy them from an FDIC bank. So, a municipal money market fund similar to the Vanguard fund, referred to in Post No. 75, but sold by a bank, would not be FDIC insured.