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FDIC insures the deposits that customers place in banks. The purpose of this is to provide "Deposit Insurance" which guarantees the safety of cash deposited in its member banks, currently up to US $ 250,000 per depositor per bank. Currently FDIC insures deposits at more than 7500 institutions in the USA. This is to ensure that customers do not lose out their hard earned money in case of bank failures or bankruptcy
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∙ 13y ago
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Are you fdic?
No they insure banks
Does NAIC insure investment in Cd's?
The FDIC does
does fdic insure interest on cd's ?
yes
How much does the FDIC insure per account?
The FDIC insures up to $250,000 per account.
is whitney bank in pebsacola fdic and financially secure.?
Whitney bank is FDIC insure up til 100,000.
How much did the FDIC insure for in 1933?
I think is was up to 500$
What did the Federal Deposit Insurance Corporation (FDIC) insure?
bank deposit
Which new deal program still exists to insure money in banks?
The FDIC
How much will the fdic insure money up to until 2013 at banks?
$250,000.00
What is the role of FDIC?
The FDIC stands for Federal Deposit Insurance Corporation. The FDIC's role is to insure depositers up to a certain amount of money. They previously insured up to $100,000 however recently changed it to $250,000. The FDIC's job is guarentee that people's money is safe within their bank. If a bank is FDIC insured there should be signs within the bank with an FDIC logo on it.
What assets does FDIC insure?
The FDIC insures traditional types of bank accounts including: checking, savings, certificates of deposit (CDs), and money market deposit accounts. These types of accounts generally are insured by the FDIC up to the legal limit of $250,000.
Which New Deal measure still exists to insure money in banks?
The Federal Deposit Insurance Corporation (FDIC) was and remains the New Deal program that exists to insure monies in US banks.
