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 ...
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What Is FDIC Insurance and How Does It Work?But like any other entity, banks can fall on tough times. According to the Federal Deposit Insurance Corporation, two banks have failed so far this year and five failed in 2023. So how can you ...
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