In the US banks are insured by the FDIC. This includes Credit Unions, which are covered by NCUA. You’re guaranteed $250,000 per bank and account. There might be special in house options if you’re really willing to push it, but it’s usually easier to spread the money around to several banks or account types than to pay for some sort of insurance.
In the US banks are insured by the FDIC. This includes Credit Unions, which are covered by NCUA. You’re guaranteed $250,000 per bank and account. There might be special in house options if you’re really willing to push it, but it’s usually easier to spread the money around to several banks or account types than to pay for some sort of insurance.
In the US banks are insured by the FDIC. This includes Credit Unions, which are covered by NCUA. You’re guaranteed $250,000 per bank and account. There might be special in house options if you’re really willing to push it, but it’s usually easier to spread the money around to several banks or account types than to pay for some sort of insurance.
Many countries have an insurance or guarantee to protect normal consumer deposits. In most cases, that protection is automatic and required legally in order to operate as a consumer/retail bank.
In the US, the insurance is provided by the FDIC (you can see this on most bank brochures). These provide guarantees in case of bank failures on savings and checking account balances up to a maximum of 250K.
As a regular bank customer, you are not required to do anything to obtain this protection.
This protection does NOT extend to investment or brokerage accounts (unless specified) They may also not apply to foreign currency accounts etc.
Many countries have an insurance or guarantee to protect normal consumer deposits. In most cases, that protection is automatic and required legally in order to operate as a consumer/retail bank.
In the US, the insurance is provided by the FDIC (you can see this on most bank brochures). These provide guarantees in case of bank failures on savings and checking account balances up to a maximum of 250K.
As a regular bank customer, you are not required to do anything to obtain this protection.
This protection does NOT extend to investment or brokerage accounts (unless specified) They may also not apply to foreign currency accounts etc.
Many countries have an insurance or guarantee to protect normal consumer deposits. In most cases, that protection is automatic and required legally in order to operate as a consumer/retail bank.
In the US, the insurance is provided by the FDIC (you can see this on most bank brochures). These provide guarantees in case of bank failures on savings and checking account balances up to a maximum of 250K.
As a regular bank customer, you are not required to do anything to obtain this protection.
This protection does NOT extend to investment or brokerage accounts (unless specified) They may also not apply to foreign currency accounts etc.
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