Statement of Applicability: This Financial Institution Letter applies to all FDIC-insured depository institutions. Highlights: In recent years, the banking industry and practices have changed ...

Federal Deposit Insurance Corp. (FDIC) insurance is an essential parameter to look for when comparing banks. This insurance protects account holders if the bank goes under. While the FDIC insures ...

Simply put, Federal Deposit Insurance Corporation insurance protects your money if your bank fails. Safeguarding your deposits is always important, but it’s particularly crucial during ...

But just over a year ago, the California Department of Financial Protection and Innovation found that Mercury’s use of the Federal Deposit Insurance Corp.’s logo, @bankmercury Twitter handle ...

When it comes to the security of your money, that “Member FDIC” logo you see displayed on most ... Instead, credit unions are generally insured by the National Credit Union Administration ...

While no insured deposits have been lost since it was created, the FDIC is here to help, by guaranteeing that your money (up to that $250,000 coverage limit) is safe, even if a bank collapses.

which are not FDIC-insured. Still, you will often see the FDIC logo on neobank websites, just like you see it stuck to the glass doors of many brick-and-mortar banks. That logo instills trust ...

Note that funds deposited at different branches of the same bank are not separately insured. Here are some key takeaways to know: The FDIC is a government agency that insures deposits made to ...

And so they place their money in various accounts at banks insured by the FDIC, the Federal Deposit Insurance Corporation. This incredibly important, independent agency of the United States ...

The FDIC insures up to $250,000 per depositor, per insured bank on specific account types. If your bank folds, the FDIC will return insured money back to you. Whenever a bank fails, anyone with ...

You can also look for the FDIC logo on your bank’s website or printed ... If the bank doesn’t have an insured branch in the U.S., that CD would not be covered by FDIC insurance.