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On July 15, 2025, the Federal Deposit Insurance Corporation (“FDIC”) requested comment on its framework for reviewing applications for ...
The Federal Deposit Insurance Corporation (FDIC) insures deposits of up to $250,000 per person, per ownership category, per bank. Bank networks, such as IntraFi Network Deposits and Impact ...
The move, which would cut the Federal Reserve out of the bank’s oversight, is estimated to save $15 million in annual costs, ...
The Federal Deposit Insurance Corp. has been cracking down on misrepresentation of deposit insurance in recent months. WASHINGTON — In an unusual alliance, banking trade groups and consumer advocates ...
The founder is accused of operating a Ponzi scheme and spending investor funds on credit cards, rare coins and family ...
WASHINGTON, DC - MARCH 28: Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg (L) greets Sen. Elizabeth Warren (R) (D-MA) prior to testimony before the Senate Banking, Housing and ...
Martin Gruenberg, chair of the Federal Deposit Insurance Corporation, said Friday that Thrivent Financial for Lutherans' application for an industrial loan company charter "appear [s] to demonstrate ...
The Federal Deposit Insurance Corporation (FDIC) ensures the safety of cash deposited in insured banks, providing a protection of up to $250,000 per account in the case of a bank failure.
The FDIC insurance limit of $250,000 includes principal and interest. If you deposit $250,000, and it earns $4,000 in interest, you are insured for only $250,000 if your bank fails.
Banks are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC). When a bank fails, we believe that the FDIC is going to pay each depositor in that bank up to $250,000.