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The FDIC only insures accounts with up to $100,000. If you need to, you can always open up multiple accounts. Take into consideration how much interest that you will be earning so as not to go above that limit.
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What is the maximum bank CD amount that is FDIC insured?
The maximum FDIC insured amount TOTAL for any individual is $250,000, so you have to consider all of your bank savings and bank CDs. Remember that stocks are not covered and other investments are not necessarily FDIC insured.
Where can one find information about FDIC insured savings accounts?
Any bank can give you information about FDIC insured savings accounts. Most deposit accounts are insured. Check at your local bank or online to see if there is a fee involved.
Who offers FDIC insured Euro denominated savings accounts?
everbank.com
What is the 250000 figure that Obama speaks of?
It's the new savings amount that is insured by the FDIC. This was changed in the bailout bill. http://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation
Is SunTrust Bank in Tampa a FDIC bank. And what is the maximum insured amount?
If you have under $100,000 in all combined accounts at one particular FDIC-insured bank, you are covered.
Are CDS regardless of the time frame ( 3,6,12 month etc) FDIC Insured?
CD's or certificates of Deposit just like savings accounts are FDIC insured, regardless of maturity period. If a bank were to go out of business, the FDIC would step in and cover any and all FDIC products, including CD's.
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...
I know that there was some discussion about the maximum insured amount by the FDIC increasing. What is the maximum that it is insured for now. Greg Smith?
The amount has increased to $250,000.
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 your cd's fidc insured?
All types of traditional bank accounts such as checking accounts, savings accounts, CDs (Certificates of Deposit), etc. are insured by the FDIC.
Are CDs FDIC insured?
Yes, Iberiabanks' cd s are FDIC insured.
Is Preferred Community Bank FDIC insured?
They are FDIC insured up to $100,000.
