The fdic insures personal deposits. It was 100,000 per account now 250,000 per account. for more info take a look at http://www.fdic.gov/deposit/Deposits/insured/basics.html
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No they insure banks
The FDIC does
yes
The FDIC insures up to $250,000 per account.
Whitney bank is FDIC insure up til 100,000.
I think is was up to 500$
bank deposit
$250,000.00
The 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.
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.
The Federal Deposit Insurance Corporation (FDIC) was and remains the New Deal program that exists to insure monies in US banks.