If you have a Money Market Savings Account at you Bank - Does that get reported under Question 90 (Cash/Savings Checking) or 91 (Investments) ?
I think a money market account is generally considered to be more of an investment vehicle than a standard bank savings account. My practice has been to report parent owned money market accounts as an investment under FAFSA question 91, although I’m not sure if it makes any difference in the end.
I have money market saving at a bank and also a money market fund in my investment account. I consider my money market saving at bank to be just a saving account but with slightly better interest particularly mine just appears on my bank statement. It is no different from a saving account other than the name. I can access the money any time as my bank. For my money market fund, I consider it an investment asset as it is transaction/trading process to get the money out so the money is not readily available.
I’d put it under #90. A money market at a bank is just an interest earning account. There may be restrictions on how many withdrawals you can make per money, but I have restrictions (6) on my regular savings account too.