If I deposit $20,000 into a money market account is there any chance that this money will ever be locked or frozen if the bank invests this money somewhere, where it doesn't do as well as they expected? Is there any chance that my balance can go down?
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If you are referring to a money market deposit account at a depository financial institution, it's like any other deposit account at that institution. It can be assessed service charges (disclosed up front) that would reduce the balance, but the balance is not at risk due to the bank's investment performance.
Assuming that the institution is federally insured by the FDIC or its credit-union counterpart, the dollars in such an account are no more at risk than the dollars in a checking or savings account at the same institution. You should contact the institution about the limits of deposit insurance if you have more than $100,000 in the same institution.
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If you are referring to a money market deposit account at a depository financial institution, it's like any other deposit account at that institution. It can be assessed service charges (disclosed up front) that would reduce the balance, but the balance is not at risk due to the bank's investment performance.