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The FDIC is an independent agency of the U.S. government that insures savings accounts, certificates of deposit, money market deposit accounts and other deposit accounts for up to $250,000 as a ...
The FDIC insures up to $250,000 of deposit products (like CDs, savings accounts, and money market deposit accounts) held in all retirement accounts you have at the same bank.
The standard deposit insurance coverage limit, as offered at banks that are members of the Federal Deposit Insurance Corp. (FDIC), is $250,000 per depositor, per bank, per ownership category.
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. [ 8 ] : 15 The FDIC was created by the Banking Act of 1933 , enacted during the Great Depression to restore trust in the American banking system.
FDIC insurance is backed by the full faith and credit of the U.S. government and guarantees bank consumers that their money is safe for up to a limit of $250,000 per depositor, per FDIC-insured ...
The FDIC's standard insurance covers up to $250,000 per depositor, per bank, for every account ownership category.