It’s understandable now to want to hoard your money under your mattress. But federally insured accounts remain safe.

FDIC coverage automatically kicks in when you open a bank account. The federal government established the FDIC through the Banking Act of 1933 in response to the banking crisis during the Great ...

In this month’s Money Matters we ask Dana Robb, vice president of retail banking and operations at Pittsfield Cooperative ...

Galileo Financial Technologies, SoFi Technologies' Technology Platform (NASDAQ: SOFI), has launched Deposit Sweep. It enables ...

Who Runs the FDIC? A five-member board oversees the FDIC. All of the members are nominated by the president and confirmed by the U.S. Senate. Two of the members are the director o ...

After a nearly decade-long lawsuit, the U.S.’s second-largest bank has been ordered to pay the Federal Deposit Insurance ...

"Working with Galileo to enable Deposit Sweep was seamless, allowing us to quickly bring the benefits of increased FDIC insurance and higher returns to our customers," said Herman Man, CPO at ...

It’s similar to the deposit insurance coverage provided by the FDIC. Members can calculate the amount of insured coverage by using the NCUA’s Share Insurance Estimator at MyCreditUnion.gov.

Extended FDIC Coverage: Galileo’s collaboration with a deposit sweep provider enables fintechs and their participating sponsor banks to extend FDIC insurance on swept funds, offering enhanced ...

This product enables fintechs to partner with a network of participating banks and a deposit sweep provider to offer their customers the opportunity to maximize interest earnings and extend FDIC ...