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 ...

A proposed increase to federal deposit insurance levels for certain business accounts is a necessary reform that will support ...

The FDIC recently approved a final rule to impose a special assessment on banks to recover losses in connection with the decision to guarantee uninsured deposits at two failed banks in March 2023. No ...

The Federal Deposit Insurance Corporation (“FDIC”) issued a Financial Institution Letter (“FIL”) earlier this week regarding banks’ errors in reporting estimated uninsured deposits. The FDIC stated in ...

You work hard for your money, it’s only reasonable to expect that those institutions that you trust to protect it actually, well, protect it. Unfortunately, that hasn’t always been the case. Greed and ...

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This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Knowing your money is safe should be your top priority ...

With a money market account, you earn interest on your account balance as you would with a savings account. However, one important difference is that interest rates on money market accounts are ...

FDIC insurance is backed by the full faith and credit of the U.S. government and guarantees bank consumers that their money is safe for up to a limit of $250,000 per depositor, per FDIC-insured bank, ...