Deposits in a savings account in a federally recognized banking institution are insured by the F.D.I.C. (Federal Deposit Insurance Corporation). Piggy banks hidden in a closet do not count. :-)
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.
everbank.com
$250.00
$250.00
$250,000
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.
everbank.com
All types of traditional bank accounts such as checking accounts, savings accounts, CDs (Certificates of Deposit), etc. are insured by the FDIC.
Savings
$250.00
$250.00
$250.00
$250,000
$250,000
$250,000 A+
$250,000
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.