Is Capital One money market insured?

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asked Jun 21, 2019 in Other-Finance by markieb (300 points)
Is Capital One money market insured?

2 Answers

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answered Jun 21, 2019 by Lilly21 (57,740 points)
Yes Capital One Money Market Accounts are FDIC Insured bank accounts.

So your money is protected when you have the money in a Capital One or other money market account and is insured with the FDIC.

So if something happens and you lose your money due to a possible bank failure then your money will be insured and returned to you by the FDIC.

But only up to a certain amount.

When the FDIC insures money in bank accounts they only insure up to $250,000.00 per bank depositor so if you have more than $250,000.00 in one bank account then it won't be insured by the FDIC.

But the $250,000.00 of your money would be insured by the FDIC.
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answered Dec 2, 2022 by BeckyBee (10,570 points)
You can withdraw money from your Capital One 360 money market account and you can make an unlimited number of money transfers and withdrawals through an ATM or teller.

And if you transfer funds via an ATM terminal you can only use a Capital One ATM and only between any linked 360 checking and 360 money market accounts.

Capital One 360 money market accounts are good although they don't have traditional money market accounts like they used too.

The Capital One's 360 Performance Savings account is good alternative to the regular money market account or you also can compare other money market accounts to find the best one for you.

Capital One used to have money market accounts however they no longer do.

You can still get money market accounts through other banks that have them.

Capital One no longer offers any money market accounts.

But if you're looking for an interest-bearing account, check out Capital One's 360 Performance Savings account or compare other money market accounts to find the best one for you.

Capital One 360 is a checking account and not a money market account.

Although Capital One does have a money market account that is different from the Capital One 360 checking account.

Capital One 360 is just a traditional checking account through Capital One and is not a Money Market Account.

However you can open a Capital One 360 Money Market Account if you want too.

So if you open up a Money Market Account through Capital One 360 then you'll have a money market account with a high interest rate to earn you more money than a traditional savings account.

I have a Capital One 360 Savings account and also a Capital One 360 Money Market Savings account which helps me earn more money with my savings than I did with my regular savings account at another bank.

So if you want a money market account you need to sign up for the money market account and not the traditional savings account through capital one.

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