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The building completed in 1967 originally was home to the Tucson Federal Savings & Loan Bank and known as the Tucson Federal Building. The building was designed by local architects Place & Place and featured a large banking hall on the second floor as well as windows on three sides of the building with a gold sunscreen to protect the west facing windows.
The Savings Association Insurance Fund (SAIF) took the place of the FSLIC as an ongoing insurance fund for thrift institutions (like the FDIC, the FSLIC was a permanent corporation that insured savings and loan accounts up to $100,000). SAIF is administered by the Federal Deposit Insurance Corporation.
Mortgages issued by Federal Savings Banks are pursuant to the provisions of the Home Owners' Loan Act, a U.S. federal statute. Although the activities of federal thrifts were once confined primarily to taking deposits from consumers and making residential mortgage loans, federal thrifts are now authorized to offer a wide range of financial ...
Where the national average is 0.41% for a savings account at a traditional bank, yields at digital banks go up to 4.00% or more for high-yield savings and money market accounts. You won’t pay ...
Suppose someone has an individual account of $50,000, a joint account of $200,000 and a Roth IRA of $250,000. All of these accounts would be covered up to $250,000 each if deposited at the same ...
Compare high-yield savings accounts and traditional ... Minimum balance requirements and fees ... Money within a money market account is insured by the Federal Deposit Insurance Corporation or the ...