0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Is GE Capital FDIC insured?
Not that I know. When you open an account they even tell you that your deposits are not FDIC insured. Not that I know. When you open an account with "GE Interest Plus" they even tell you that your deposits are not FDIC insured.
Is Flagstar bank FDIC insured?
Flagstar bank is a member of the FDIC and deposits are FDIC insured up to $250000 per account.
Yvette is a customer of Apexon Bank which is a member of the FDIC. She currently has a checking account that has 17371 and a savings account with 240000 in it. How much of Yvette's money is FDIC?
All of Yvette's money in both her checking account and savings account is FDIC insured. The FDIC insures up to $250,000 per depositor, per account category in the event of a bank failure. Therefore, the entire amount of Yvette's combined deposits of $257,371 is covered by FDIC insurance.
Is money in a checking account FDIC insured?
Yes if they are in an institution otherwise covered by the FDIC and are within the coverage limits.
is sterling bank fdic insured?
Yes, Sterling Bank is FDIC insured. All non-interest amounts in your account will be guaranteed by the FDIC.
I have a cd and checking account at citi bank is it safe until next 2 or 3 years?
Citi Bank is FDIC insured up to 100,000.
Are Morgan Stanley money market checking accounts FDIC insured?
Yes
How does the FDIC protect non-banking stockholders?
The FDIC will cover your cash balance in your brokerage/investment account- but only if you signed up for an FDIC-insured cash account. If your cash balance is stored in a cash account as opposed to a money market account, the cash is stored in an account that counts as a savings account. This way, your cash balance can be insured by the FDIC while your invested amount is riding the stock market wave...
Is ING Direct an FDIC insured bank ?
Yes, ING Direct is an FDIC insured Bank. This means that deposits are insured up to $250,000, as are singly held accounts. Joint accounts which are 50/50 ownership are insured up to $250,000 per person, on the account, totalling up to $500,000 for the account. ING Direct is registered with the FDIC in Wilmington, Delaware, under number 35489.
How much is an account insured by the FDIC?
The FDIC insures deposits in member banks up to US$250,000 per ownership category.
Is money safe when the bank fails?
As long as your bank is insured by the FDIC the first 250k of each bank account is covered by the FDIC
What does it mean if a bank is insured by the FDIC?
It means that your deposits are insured or safe-kept by the FDIC. FDIC insures upto $250,000 of your deposit in your bank. So, lets say you have $50,000 in your bank account and the bank just declared bankruptcy. The FDIC will give you the $50,000 you had your bank account. Lets say I had $500,000 in my bank account. In that case I will get only $250,000 because FDIC insures only upto that amount per customer account per bank.
