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Mexico has a similar deposit insurance system named the "Instituto para la Ptotección al Ahorro Bancario" (IPAB or in English, Institute for the Protection of Banking Savings). This institute insures deposits of up to 400,000 Unidades de Inversión (UDIs or Savings Units) which is an alternative Mexican currency inflation linked to the local consumer price index. As of Novemeber 2008, 400,000 UDIs is equivalent to over 1.65 million Mexican Pesos, but as amount will change with the inflation rate, it is best to check with the IPAB website for the current deposit insurance limit.
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Is Flagstar bank FDIC insured?
Flagstar bank is a member of the FDIC and deposits are FDIC insured up to $250000 per account.
How did the FDIC start 1929?
The FDIC started in 1929 as a result of the depression
Who owns the FDIC?
The FDIC is a government-owned corporation, which means everybody does :)
is sterling bank fdic insured?
Yes, Sterling Bank is FDIC insured. All non-interest amounts in your account will be guaranteed by the FDIC.
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.
Is Preferred Community Bank FDIC insured?
They are FDIC insured up to $100,000.
Are CDs FDIC insured?
Yes, Iberiabanks' cd s are FDIC insured.
Are mutual saving banks fdic insured?
are mutual saving banks be FDIC insured
Are all US banks FDIC insured?
All us banks are not FDIC insured, however most banks that are competing effectively for business are usually FDIC insured.
Is Sovereign bank FDIC insured and for how much?
Yes, their bank is FDIC insured for up to 100,000.
Are iberiabank cd;s FDIC insured?
Yes, Iberiabanks' cd s are FDIC insured.
How much does the FDIC insure per account?
The FDIC insures up to $250,000 per account.
