That requirement is intended to prevent banks from tapping into the FDIC’s Deposit Insurance Fund (DIF), which is used to back depositors’ money at failed FDIC-insured banks, the agencies said.

Unfortunately, mutual funds—like investments in the stock market—are not insured by the Federal Deposit Insurance Corp ... If an insured bank becomes insolvent and fails, depositor funds ...

Instead, member banks pay premiums to the FDIC in exchange for being covered by the Deposit Insurance Fund (DIF ... runs made the financial institutions insolvent, leading to failures and ...

The Federal Deposit Insurance Corp., which manages the fund by levying assessments on banks, is required by law to ensure the pool of money meets a reserve ratio of at least 1.35%. At the end of ...

There’s a $1,000 minimum deposit required to get started and there are no monthly maintenance fees or minimum balance requirements. The Depositors Insurance Fund (DIF) is another option for ...

Bank of America must pay over half a billion dollars to the Federal Deposit Insurance Corp. for underpaying deposit insurance to the agency, a federal judge has ordered in an eight-year-old case.

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government that protects and reimburses your deposits up to the legal limit of $250,000 if your FDIC-insured ...