You aren’t likely to lose money in a money market account. Money market accounts are insured by the FDIC or the NCUA. This insurance covers up to the $250,000 limit per depositor, or more for joint accounts, if your bank experienced theft or failure. Be careful not to confuse money market accounts with money market funds, a type of investment mutual fund. While money market funds might have a relatively low risk compared to other mutual funds, they are not insured by the FDIC.