FDIC - FDIC Insured - Federal Deposit Insurance Corporation

What is FDIC (Federal Deposit Insurance Corporation) and FDIC Insured?

  I’ve heard in some bank commercials that the account is FDIC insured. What does it mean? FDIC stands for Federal Deposit Insurance Corporation. It is a federal agency that insures deposits in participating US banks, which protects the depositors if the bank goes bankrupt. It was formed as a result of the great depression, …

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FDIC - FDIC Insured - Federal Deposit Insurance Corporation