Compare Today's Rates Introduction to the FDIC The FDIC, which stands for Federal Deposit Insurance Corporation, is an independently run U.S. agency. It protects consumers' deposits in the event a ...
Since the Federal Deposit Insurance Corporation was created, no bank account holder has lost any amount of insured cash. As of March 22, there are 5,626 FDIC-insured institutions in the United ...
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However, there are other safeguards in place that make 401(k)s relatively safe.
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