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What is the difference between a Wachovia High Performance Money Market account and a money market mutual fund?

April 26, 2017account high Money Market mutual fund PERFORMANCE Wachovia

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What is the difference between a Wachovia High Performance Money Market account and a money market mutual fund?

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A Wachovia High Performance Money Market account is an interest-earning savings account with limited withdrawal transactions that is insured by the FDIC. A money market mutual fund is an investment account that may hold a collection of cash and securities that is not protected by FDIC insurance.