Money market accounts are safe at federally-insured banks or credit unions as long as they’re within limits and guidelines. FDIC deposit insurance at member banks, for example, covers up to $250,000 per depositor, per insured bank for each account ownership category. An account at a credit union that’s a member of the NCUA offers the same insurance coverage. Whether your money market account is in a member FDIC bank or member NCUA credit union, your money that’s within limits and guidelines is protected and backed by the full faith and credit of the U.S. government should the bank or credit union fail.To check whether a bank you're considering is FDIC-insured, use the FDIC’s BankFind tool, which can help you realize if multiple banks use the same FDIC certificate, or NCUA’s Credit Union Locator. Always double-check with the FDIC or NCUA and your financial institutions to confirm insurance coverage.