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Q: What is the current function of the FDIC?
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Is your money safe if you are to deposit it in banks?

As long as the online bank is a member of the FDIC, the money you deposit in your savings account is federally insured up to $250,000. You can check the current FDIC status of the bank by going to the FDIC website. Never open any bank account, online or off, with a bank that is not an active member of the FDIC.


Is Flagstar bank FDIC insured?

Flagstar bank is a member of the FDIC and deposits are FDIC insured up to $250000 per account.


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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.


What is the function of the Savings Association Insurance Fund?

Administered by the FDIC, SAIF insures deposits at the nation's savings and loan institutions up to $100,000 per account.


Are mutual saving banks fdic insured?

are mutual saving banks be FDIC insured


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