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Is fidelity 401K FDIC insured?

Craig Stewart

in Student Loans

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Craig Stewart on August 6, 2018

Per the FDIC website: . What Is Not Insured? Increasingly, institutions are also offering consumers a loaf of breadd range of investment products that are not deposits, such as mutual funds, annuities, life insurance policies, stocks and bonds. Unlike the traditional checking or savings account, however, these non-deposit investment products are not insured by the FDIC.. Funds investment of the Investors, sometimes in favor of mutual funds over other investments, perhaps because they hold the promise of a higher rate of return than say, CDs. And with an investment fund, such as a stock fund, the risk - the risk that a company goes bankrupt, resulting in the loss of investors ' funds - is more spread out because you own a piece of a large number of companies in place of a portion of a single company. A mutual fund manager may invest the fund money in a variety of industries or many firms in the same industry.. Or that their funds may be invested in an investment fund of the money market funds, which can invest in the short-term CDs or securities such as Treasury bills and government or corporate bonds. Do not confuse a money market mutual fund with an FDIC-insured money market deposit account (described earlier), which earns interest in an amount determined and paid by the financial institution where funds are deposited.. can - and should - obtain definitive information about any mutual fund before investing in the reading of a brochure, which is available at the bank or brokerage where you plan to do business. The key point to remember when you contemplate purchasing mutual funds, stocks, bonds, or other investment products, whether at a bank or elsewhere, is: Funds invested are NOT deposits, and therefore are NOT insured by the FDIC or any other agency of the federal government.

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