Federal Deposit Insurance Corporation - FDIC
Definition of 'Federal Deposit Insurance Corporation - FDIC'The U.S. corporation insuring deposits in the U.S. against bank failure. The FDIC was created in 1933 to maintain public confidence and encourage stability in the financial system through the promotion of sound banking practices. |
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Investopedia explains 'Federal Deposit Insurance Corporation - FDIC'The FDIC will insure deposits of up to US$250,000 per institution as long as the bank is a member firm.Before opening an account with a financial institution, be sure to check that it is FDIC insured. |
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I know there is a form of deposit insurance where a portion of my bank account deposits is protected. Is there anything like this for my investments?
First things first, it's only partially correct to think that a portion of your bank deposits is protected. The Federal Deposit Insurance Corporation (FDIC) will insure deposits up to $250,0 ...
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