Online bank CDs: Online banks may also offer CDs, but double-check to ensure that they are FDIC-insured. If you open a CD online at an FDIC-insured banking institution, including an online-only ...

Yes, money market accounts are insured by the FDIC. You don’t need to take any action to activate this coverage or pay for the insurance. As long as you have accounts with FDIC-member banks ...

For me, that's a huge win. And here's something that might surprise you: both online and traditional banks are backed by major financial institutions or insured by the FDIC. This means your ...

Keep in mind that not all FDIC-insured banks have branches — some fintech companies like SoFi and LendingClub are chartered banks with deposit protection. 🔍 Look out for digital FDIC signs in ...

But just because you're comfortable using a big bank's digital offerings doesn't mean you're all-in on banks that exist entirely ... your deposits will be FDIC-insured. This means your money ...

CDs are a generally safe savings product because they are federally insured. You can open a CD at banks, credit unions, and brokerage firms. CDs have some disadvantages to be mindful of ...

4. There's uncertainty about whether the FDIC would even allow banks to use their own money to make Synapse end users whole. One banker thought reimbursing customers would violate FDIC rules. "Without ...

Although the Senate Banking Committee called in July for Synapse's partners to make depositors affected by the Synapse bankruptcy whole, its partner banks are unlikely to be able to do that. Not only ...

When Catherine Bell put her money into Yotta, a fintech that promised savers a chance to win money just by saving more in its FDIC-insured accounts ... deposits in banks and savings institutions ...

Share certificates are insured by the National Credit Union Administration (NCUA). Banks offer a nearly identical savings product, but it is called a certificate of deposit (CD)—CDs also pay ...

In January, the administration rescinded job offers to more than 200 new bank examiners — the employees who monitor the financial health of banks to ... the safety of insured accounts will ...