Fdic Insured Banks

Today, almost all banks are FDIC (Federal Deposit Insurance Corporation) insured banks. Banks that are insured by the FDIC give customers comfort in knowing that their money is back by the FDIC. This way, should a bank fail and go out of business, customers will get their money back from the bank no matter what up to $250,000 from the Federal Deposit Insurance Corporation (FDIC).

• Fdic Insured Banks Tennessee
• Fdic Insured Banks Amount

FDIC Insurance covers:

1 Determine if the institution you bank at, is a member of the FDIC insurance program. Do that easily, by selecting the state where the bank is located, from the drop down menu above. 2 Review the kind of account and its size, to ensure that it qualifies for FDIC. FDIC Insured Banks. There are 5022 FDIC insured Banks in the United States. Directory listing 1-15.

• Savings Accounts
• Checking Accounts
• Certificate of Deposits
• Money Market Accounts

The FDIC covers the traditional types of bank deposit accounts – including checking and savings accounts, money market deposit accounts (MMDAs), and certificates of deposit (CDs). The Federal Deposit Insurance Corporation (FDIC) is an independent government agency in charge of banking and consumer safety. You're protected from losses if your FDIC-insured bank goes belly-up.

However, it does not cover:

• Items you store in Safety deposit boxes
• Stocks, mutual funds, and other investments
• Annuities and other insurance products

Fdic Insured Banks Tennessee

Do note that credit unions are covered by a different entity and are not under the FDIC insurance program.

Fdic Insured Banks Amount

When opening a checking or savings account at a bank, make sure your bank is covered under the FDIC insurance program. You can search or navigate on the right to check if your bank is FDIC insured. The search box is also available above.

-FDIC Bank Help