0
Yes if they are in an institution otherwise covered by the FDIC and are within the coverage limits.
Wiki User
∙ 16y ago
Wiki User
∙ 15y agoYes.
http://www.fdic.gov/consumers/consumer/information/fdiciorn.html
Add your answer:
Earn +20 pts
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.
Are Morgan Stanley money market checking accounts FDIC insured?
Yes
How much money can a debit card hold?
Up to $100,000.00 in an FDIC insured account.
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
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.
is sterling bank fdic insured?
Yes, Sterling Bank is FDIC insured. All non-interest amounts in your account will be guaranteed by the FDIC.
Are bank cd's federally insured?
YepMoney market savings accounts are insured by the FDIC if the account's at a bank. They're insured by the NCUA if the money market account is at a credit union.yes they are insured up to 100,000 dollars during the credit crisis this limit was raised to 250,000 per account. Thus if you have more money than distribute it amongst several banks
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...
Are structured annuities FDIC insured?
Money in a bank is FDIC insured. Money with an insurance company is actually safer than with a bank.
If you have money in a FDIC insured account and the bank goes under. How long does it take for you to get your money back?
Most banks are fincially backed and your money is insured up to 250,000. Even if the bank went under the FDIC will right you a check as soon as the paper work is processed.
What account services does ING offer?
ING direct offers the same checking options as many other banks. You are able to transfer money from one account to another with no additional fees, it's FDIC insured and a quick application process.
