What are the risks associated with a money market account?

What are the risks associated with a money market account?

Mitchell Freedman, CPA/PFS (CEO, MFAC Financial Advisors) gives expert video advice on: What kinds of bank accounts should I have?; How do I open a bank account?; How can I compare banks and the services they offer? and more...

A money market account would have the same risks as any account that any individual or business entity would have with a financial institution. A money market account is covered by FDIC insurance so it's as safe as a checking account or as a savings account or a certificate of deposit.