I had an account in a money market fund on September 19, 2008, but I’ve withdrawn or added money since. How much am I covered for?
If your fund enrolled in the Program and then cannot maintain the $1.00 NAV (or, depending on the fund, a NAV greater than $1.00), you will be covered for the amount you had in the fund on September 19, 2008, or the amount you have when the Program is invoked—whichever is less—so long as you did not actually close your account. Treasury’s investor FAQs offer examples.
Related Questions
- If I make an investment in a money market fund after September 19, 2008, and that fund participates in the Treasury guarantee program, will that investment be covered by the guarantee?
- I had an account in a money market fund on September 19, 2008, but I’ve withdrawn or added money since. How much am I covered for?
- What is the procedure for transferring money between a Domini Fund and the Domini Money Market Account?
