FDIC is insurance provided by the federal government that protects deposits in U.S. banks up to $250,000. Here’s how it works.

Most CDs sold by FDIC-member banks are insured up to $250,000 per depositor, per FDIC-insured bank, per ownership category. The coverage is automatic and free, and there are no fees or forms to ...

FDIC officials say customers with accounts that are in excess of $250,000 should contact the FDIC and set up an appointment discussing their deposits at 1-866-314-1744. More Local News ...

The Federal Deposit Insurance Corporation (FDIC), which protects insured bank deposits, may be facing changes. According to CNN, in late 2024, then-President-elect Donald Trump’s allies were ...

The White House said Monday that the chairman of the Federal Deposit Insurance Corporation will step down in the wake of a damning report about the agency's toxic workplace culture .

Recent FDIC coverage changes limit the number of beneficiaries Timing is everything, and the day after my interview with Becker, 89-year-old “Martha” phoned my office, upset. “Mr.

Most CDs are FDIC-insured, but this isn’t always the case. Learn how and when FDIC coverage applies to CDs and discover what types of CDs are not insured.