All types of traditional bank accounts such as checking accounts, savings accounts, CDs (Certificates of Deposit), etc. are insured by the FDIC.
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.
No, your Fidelity 401k is not FDIC insured. FDIC insurance is for bank accounts, not investment accounts like a 401k.
Investment accounts, such as brokerage accounts or mutual fund accounts, are not insured by the government. Unlike savings accounts offered by banks or credit unions, which are typically insured by the FDIC or NCUA up to certain limits, investment accounts carry market risk and potential losses. It's important for investors to understand that while these accounts can offer higher returns, they also come with greater risk.
As much as $100,000 is insured in an FDIC insured bank by the full faith of the United States government. Only the $100,000 dollar amount is insured at each insured bank including principal and interest due. You cannot have more than this dollar amount insured regardless of how many accounts you have or with how many different branches or division of the bank the deposits are in. You can however have more than $100k if it is separated into different accounts that each have differing legal structures of ownership. Some investment and retirement accounts are insured by the FDIC up to $250,000.
The amount you can contribute depends on your RRSP deduction limit. You can find your deduction limit by looking at your 2011 Tax Return. Your RRSP deduction limit is the amount of RRSP contributions that you can deduct on your tax return for a given year.
Yes it is. All non-interest bearing accounts are FDIC insured for the full value of the accounts. All other accounts are given the standard FDIC protection of up to $250,000.
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Halifax offers a number of services in addition to bank accounts. These include: mutual funds, rrsp, mortages, financial consulting, loans, credit cards and debit cards.
Savings accounts are generally considered safer than checking accounts because they are designed to hold money for longer periods and offer higher interest rates, but both are insured by the FDIC up to 250,000 per depositor, per insured bank.
Deposit accounts (checking, savings, CDs, etc) are insured by the government agency known as the FDIC in the United States. Currenctly accounts that do not bear interest are 100% insured by the FDIC (this coverage is set to expire 12/31/12). Interest bearing accounts are insured up to $250,000 per depositor per institution.
uptp £50,000