FDIC Insurance
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- 5 Things to Know About FDIC InsuranceIf you have money in a bank deposit account, it probably is covered by FDIC insurance. However, the FDIC rules can be confusing. Here are 5 things that you need to know about FDIC insurance.
Business Accounts and FDIC InsuranceFor business accounts, the rules for FDIC insurance are the same as are applicable to consumer accounts. As of 2010, the FDIC insures $250,000 per customer, per bank.- How FDIC Insurance WorksFDIC coverage guarantees principal and accrued interest payments on bank deposits. As of 2010, you can take advantage of $250,000 in FDIC coverage at each bank you patronize.
Is Your Joint Account Covered by FDIC Insurance?Joint investments including joint bank accounts and jointly-held money market deposit accounts have specific requirements to be insurable.- Where is it Safe to Keep Your Money?Right now the only safe place for your money is a bank account because of FDIC insurance.
- Calculating Your FDIC Insurance CoverageFDIC insurance coverage has limits. This calculator on the FDIC website will help you determine if your accounts are covered.