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No. The money you have in your bank is insured by the Federal Despositor's Insurance Corp (FDIC) for up to $250,000 (it was $100,000 before the recent bailout bill). That means that the government will pay you back your deposits up to that amount if your bank were to fail.
http://en.wikipedia.org/wiki/FDIC
What else can I help you with?
What is the benefit forgone when choosing to invest in a low-risk savings account instead of a high-risk stock market investment?
The benefit forgone when choosing a low-risk savings account over a high-risk stock market investment is the potential for higher returns. In other words, by opting for the safety of a savings account, you may miss out on the opportunity to earn greater profits that come with investing in the stock market.
What would happen if there was a stock market crash?
A stock market crash is a sudden dramatic decline of stock prices across a significant cross section of a stock market, which results in a significant loss of wealth. Crashes are driven as much by panic as other underlying features.
Advantages and disadvantages of the stock market?
The advantage is that it helps us manage our money... The disadvantage is that when it crashes... then we practically lose all our money.
Will the UPA Elections results have any impact on the Budget 2012 and the Stock market?
Election affects the budget and budget will affect the pricing policies and this will decide the proportion of income distribution of an individual into consumption, savings or investments in bullion or stock market. But higher impact on budget would be at the time of 2014 parliament elections. And talking about stock market, it reacts on every major and minor event.
What year did the american stock market crash?
AnswerThe stock market collapsed in 1929 at the peak of the Great Depression.AnswerOctober 1929.
How many stock crashes were there?
There were about 30 Stock Market crashes in history.
What is the benefit forgone when choosing to invest in a low-risk savings account instead of a high-risk stock market investment?
The benefit forgone when choosing a low-risk savings account over a high-risk stock market investment is the potential for higher returns. In other words, by opting for the safety of a savings account, you may miss out on the opportunity to earn greater profits that come with investing in the stock market.
List of American stock market crashes?
1920
What is In reality both stock market crashes were the result of?
it was fear
What are some alternatives to investing in the stock market?
Some alternatives to investing in the stock market incluse CDs, real estate, annuities, and bonds. Also, opening a savings account is a good option for some people.
What were Herbert Hoover's failures?
The great depression and stock market crashes
Which best explains why some people invest their savings in the stock market and others put their savings in bank accounts?
Some people feel that the stock market is too risky for them
What describes someone's expected outcome from investing in the stock market?
Making profit from savings, describes someone's expected outcome from investing in the stock market. Making profit from savings
What describes someones expected outcome from investing the stock market?
Making profit from savings, describes someone's expected outcome from investing in the Stock Market. Making profit from savings
When the stock market crashes for a period of time its called a what?
It is either called a recession or a depression. The stock market is always fluctuating, it is called a boom when it does well.
What was the of the stock market crash?
There have been many stock market crashes. A stock market crash is a steep decline is the value of the main index of the stock market, definitely more than 10% and usually more than 20% in the space of a few days.
How do you invest on stock exchange?
You can invest in the stock market if you have an account with a stock brokerage firm that offers an online trading account. For Ex: you can sign up for a trading account with Merrill lynch and after that you can invest in the stock market through that account. You must be a legal citizen of the country with a tax payer ID to open an account and legally trade in the stock market.
