Safety Levels of Different College Accounts
Not all college accounts, investments, or even institutions provide the same level of safety from risk. Be sure to do your homework before you decide where to put your college funds.
A basic overview of money market risks including an explanation of money market fund structure, FDIC and SIPC insurance, and researching fund safety.
SIPC Insurance is a Wall Street industry association that protects customer account similar to FDIC insurance. Unlike the FDIC though, SIPC is not backed by the government and is subject to different limits than bank accounts. This article gives an overview of SIPC insurance protection, its rules and its limits.
FDIC insurance is perhaps the type of government account protection that most investors are familiar with. However, most investors are confused about what FDIC insurance does and does not cover. This article provides an overview of FDIC coverage and its limits.
Many parents and grandparents are choosing to open college savings accounts at credit unions. This article reviews credit union safety and the Federal government's role in insuring credit union deposits.
A quick guide to determining the relative safety of a college account help at an insurance company. Includes a guide and links to the three primary sources of insurance company ratings.
