According to Investopedia: "The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government that protects you against loss of deposit if your bank is FDIC insured...The FDIC does not insure all accounts held at an insured bank. The types of bank accounts insured by the FDIC include negotiable order of withdrawal(NOW), money market, checking, IRA, savings, and certificate of deposit(CD) accounts. These accounts are insured for up to $250,000 per account. Financial instruments such as stocks, bonds and money market funds, U.S. Treasury securities T-bills), safe deposit boxes, annuities, and insurance products are not insured by the FDIC."
Monday, January 12, 2009
Today's Fly Or Die Commerce Report: FDIC Insurance
According to Investopedia: "The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government that protects you against loss of deposit if your bank is FDIC insured...The FDIC does not insure all accounts held at an insured bank. The types of bank accounts insured by the FDIC include negotiable order of withdrawal(NOW), money market, checking, IRA, savings, and certificate of deposit(CD) accounts. These accounts are insured for up to $250,000 per account. Financial instruments such as stocks, bonds and money market funds, U.S. Treasury securities T-bills), safe deposit boxes, annuities, and insurance products are not insured by the FDIC."
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