Do you have more than a quarter-million dollars in your bank account? If not, you’re among the majority of Americans whose deposits are fully insured by the federal government.
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FDIC insurance: What it is and how it works
The FDIC is an independent agency of the U.S. government that protects bank customers from losing their money in a bank should it fail. Deposits are insured for up to $250,000 per depositor, per ...
Affluent Americans may want to double-check how much of their bank deposits are protected by government-backed insurance. New rules implemented last month capped what the Federal Deposit Insurance ...
Gabriela Walsh is a Certified Educator in Personal Finance® and a personal finance editor at Red Ventures. Her previous work experience includes various editorial positions at FinanceBuzz. She ...
Top certificates of deposit (CDs) are paying annual percentage yields (APYs) of over 5.00% right now. That makes them attractive savings vehicles for people who are willing to tie up funds for a set ...
A proposed increase to federal deposit insurance levels for certain business accounts is a necessary reform that will support community banks and the communities they serve, writes Jack Hopkins, of ...
Keeping your money secure in today’s financial landscape should be a top priority. While bank failures are uncommon, they’re far from rare. And depending on your appetite for the fluctuations of the ...
Four years ago, Lauren Scott was scrolling through TikTok when she saw a video from EcommJess, a personal finance influencer with 750,000 followers, promoting Yotta Savings, a fintech app offering a ...
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