Money market accounts offered by banks are insured through the FDIC. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain ...

The FDIC will pay insurance to account holders with deposit accounts up to the insured limit. All of the best banks — in fact, most of the banks that are worth banking with — are FDIC-insured.

Who Runs the FDIC? A five-member board oversees the FDIC. All of the members are nominated by the president and confirmed by the U.S. Senate. Two of the members are the director o ...

What happens to my CD if the bank fails? The funds in all deposit accounts, including CDs, remain secure even if the FDIC-insured bank fails. In the case of a failed bank, another bank may acquire ...

Since bank accounts were backed by FDIC insurance, the Great Recession didn ... the FDIC basically looks for acquiring banks, and all the deposits are transferred to the acquiring banks.

The Federal Deposit Insurance Corporation (FDIC), which protects insured bank deposits, may be facing changes. According to CNN, in late 2024, then-President-elect Donald Trump's allies were ...

The FDIC has streamlined requirements for large banks' emergency resolution plans, eliminating some costly strategies and ...

We’ve all seen photos of thousands of people ... the simple act of opening a deposit account at an FDIC-insured bank or financial institution automatically covers your deposits.

Michael Hershfield is the founder and CEO of Accrue Savings, a company enabling leading retailers to create dedicated FDIC ... all federally insured up to $250,000 per depositor, and none of the ...

What happens to my CD if the bank fails? The funds in all deposit accounts, including CDs, remain secure even if the FDIC-insured bank fails. In the case of a failed bank, another bank may acquire ...