The Federal Deposit Insurance Corporation (FDIC)
The FDIC is an independent agency of the federal government whose mission is to protect deposits of customers in banks and thrifts of up to $250,000 per depositor per insured bank. The agency was created in the early 1933 in response to widespread failure of banks during the Great Depression. Banks and thrifts pay premia to fund the FDIC.
What is insured?
Checking accounts, savings accounts and certificates of deposit.
What is not insured?
All manner of securities including, individual stocks, bonds, mutual funds, exchange-traded funds, closed end funds and annuities
Is a money market mutual fund covered under FDIC insurance?
No, because the money market funds are housed in an investment company product.
Are treasury securities covered under the FDIC?
No, but interest payments and redemptions from them, deposited into bank savings and checking accounts, are.
Look for exams questions that present scenarios testing the candidate's ability to apply FDIC coverage amounts in different fact patterns.
MarketsThe Federal Deposit Insurance Corporation (FDIC) insures deposits in banks and thrift institutions.
ETFs & Mutual FundsFind out why mutual funds are not insured by the FDIC, including why the FDIC was created and how to minimize your risk with educated mutual fund investments.
Personal FinanceLearn more about the Federal Deposit Insurance Corporation (FDIC) and what happens to your deposits over $250,000 if a member bank fails.
InvestingWhen it comes to keeping your money safe, don't rely on the FDIC - there's much more you can do.
InvestingHere are some of the most important financial regulations that have been established.
Personal FinanceCurious about the best saving accounts and which ones suit investors?
Personal FinanceYou know how to spot the highest interest rate, but how do you really get the best deal on savings accounts?
ETFs & Mutual FundsLearn about the advantages and disadvantages of debt-oriented mutual funds and fixed deposit accounts, including how each investment generates income.
ETFs & Mutual FundsThe SIPC and FDIC insure against personal financial ruin when banks or brokerages go belly up.
ETFs & Mutual FundsMoney market funds may be all that stands between you and increasing your wealth.